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Not even close. There are only two companies in the world that can do what Boeing and Airbus do. The real question is, why is BA stock still trading above 330?

• rossdavidh 7y ago
  If you are not thinking on a 10-year timespan, but more of a 10-month, 10-day, or 10-minute timespan, it will take a while before long-term doom is reflected in the price. Even in the late 1970's, when GM's fate was more or less sealed, their price was holding up reasonably well. http://omurtlak69.blogspot.com/2012/01/general-motors-stock-price-history.html http://omurtlak69.blogspot.com/2012/01/general-motors-stock-...
  • totalZero 7y ago
    Interesting point. For me it's more a question of whether the post-2016-election rally is organic. "Why the appreciation in value" is a different question than "why hasn't the stock sold off?" We have seen incredible growth in market cap. Ultimately Boeing does big business with the Department of Defense and their spending is up, but the lion's share of Boeing's profits come from commercial aviation if I'm not mistaken. The tax cuts and cash repatriation holiday were great too, but how much can that reduction in tax burden really account for this rally in the value of BA? Seems like a sell to me on first glance, but the fact that there is strong support here at 330 despite all that has happened is telling that some big money players are confident that Boeing is irreplaceable. A friend of mine refuses to bet against BA because it makes up a large component of the DJIA, which the President appears to treat as his own personal economic scoreboard.