this post was submitted on 24 Jan 2024
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The company is still worth over 100 billions. They do something right.
Otherwise I agree with you. It's almost hilarious to see fail after fail (as long as you are not in the plane).
What they do right is having a duopoly with Airbus, and great military contracts. So investors know that even if things are shit rn, they will probably get better again.
Furthermore, while I agree that Boeing probably will not go bankrupt over this, the valuation sometimes is not a great indicator of what’s going on internally. Enron was worth over 60 billion. Half a year later they were at zero. Now I’m not saying Boeing is nearly that bad, but they are in some trouble for sure.
It’s call “military contracts”
Amd cruising on past reputation.
Military contracts.
Well they were not doing so hot just 4 years ago when they said they were short a cool 60billion..
Nestle is worth billions. Sure, a bunch of kids die and we use slavery, but they must be doing something right.
Google's worth billions, and they can go probably about 6 years doing nothing right before that changes. It took Yahoo! a while, you'll catch on.