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> Edit: BA stock down 1.27% in after-hours trade. I guess the market has decided that this behaviour is fine. Like you said, this basically confirms everything
by nrb 7y ago
> Edit: BA stock down 1.27% in after-hours trade. I guess the market has decided that this behaviour is fine.
Like you said, this basically confirms everything we already knew. So it stands to reason that the stock is already priced accordingly and a large drop wouldn’t be expected. It’s already down about 35-40% since the crashes.
- Scipio_Afri 7y agoRight but until regulators or congress acts on a plan moving forward with BA, the stock will continue to slide based on the time out of the market not selling this aircraft. There is still uncertainty over how long until they’re able to sell this aircraft again, if at all, and if so to what extent they need to retrofit. So costs to retrofit, time before they get revenue in and the profit or lack there of from this product. Also, seems doubtful but possibly additional issues may still be found with this aircraft design as it is. Possibly though retrofits aren’t found to fully solve these problems or themselves create other issues.
- nrki 7y agoI posit that we should account for their stock price before the employees of Boeing embarked on the road of corruption, fraud and manslaughter. i.e.: before their profits, especially due to sales of the MAX, are taken into account. I guess the markets have a short memory as long as you only kill people instead of simply losing people's money.