Bottom LineTo the extent that this level of fiscal awareness can help propel Boeing's profitability, investors can expect this stock to fly first class for the next decade. This is precisely one of the reasons that the stock is up close to $100 following Wednesday's investor's conference. More importantly, though, management has been executing in a manner that suggests that the company is adequately preparing itself for any near-term threat.
That said, there should be no panic regarding the stock price; 52-week high or not. Besides, on the basis of Boeing's PEG ratio (price-to-earnings ratio divided by the growth rate), it shouldn't be discounted that Boeing's PEG ratio is 50 basis points lower than Lockheed Martin and more than 70 basis points lower than General Dynamic ( GD). Sports often remind us that "defense wins championships." In the stock market it's also profitable. At the time of publication, the author held no position in any of the stocks mentioned. Follow @saintssense