I have been following BA since first MCAS crash and thinking about buying. Luckily, never did as it kept on sliding. But now it seems like car-crash in slow motion. A perfect storm of greed, shoddy engineering and unfortunate virus epidemics.

It is not unlikely it will be broken up, then bailed out by government GM-style. Share holders will be wiped out.

You've spent a decade calling for a market crash.
What positions were you shorting?

Buy bleach.

Spoke to my FA just now, of course she agrees with sitting tight but repositioning my equities after recovery. My ETFs are hurting and overall I'm down about 10%.

Wow. Boeing closed at $129.61
Betcha it rebounds over-night and opens higher.
For a little while.
2 big 2 fail

BA opened at $132, then quickly dropped down to $116 this morning, maybe they aren't that big after all.

https://www.modernatx.com/


as you might expect, their stock symbol is MRNA

Down to $112 after hours.

If Boeing didn't have bad luck, they would have no luck at all.

6 more months and the Max's probably would have been flying again and their recovery started.

Boeing has done a TON of share buy backs over the last 5 years. However, if ANYTHING has become obvious over the last couple months is that we need to make stuff here. - in the USA, Boeing is a national necessity. But they need to pay a steep price to survive. And by "they" I mean their executives both past and present that enriched themselves with the higher share price fueled by using corporate cash to buy shares in the open market. They are the individuals who benefited the most, so they should pay the highest price. Clawbacks are in order here.

Boeing leadership: Hey, let's borrow money and buy back shares to prop up share price, cash in the bonuses (tied to share price) and disappear before SHTF. Planes? We'll just put lipstick on that 1960's short haul thing that always sells well...

FAA? Tell them what they want to hear.

Wow, hit the trading circuit breaker again this morning.

The whipsaw is unreal

The FFA hangs out in the same bars as the BA execs. THAT is part of the problem.

This. BA stock deserves to die.

Ba 102.77

Why not. Lets put over 138,000 people on unemployment.
You won't mind paying your share of that, right?

BA is cratering into Chapter 11. Tax money will be used to save it. Executives are laughing all the way to the bank. Socialize risk, privatize (short term) profits. Muilenburg got his 60M$ for fine work he had done.

Then the executives should be disposed of, not the 138,000 people who build the planes.
IOW, the company goes into receivership, and is funded to recover only after proper leadership is established to direct that recovery.

Ponder:
I wonder what would happen in only one company made large commercial airplanes and had no real competition ........ and that company was in Europe.

LOL, I should put the tin-foil hat away. Our national security doesn't have anything to do with airplanes.
I mean, most air travel is shut down and we haven't seen any negative results, right?

No it doesn't. America NEEDS BA to survive so it can be secure. But this executive enrichment merry-go-round needs to end for ANY company asking for a hand out. NO STOCK BUY BACKS ...PERIOD!

and if I was a retired BA exec I would be volunteering to come back and WORK FOR FREE right now. We'll see.

But wouldn't that be like....socialism? You know, propping up bad companies with tax money? Why not break it up in pieces and sell the working parts to someone who knows how to actually build stuff?

Lockmart? Musk? Bezos?

Giving way other people's money would be socialism.
Proving deferred or reduced interest on a loan that is to be paid back is more of a grey area.

Lesser of two evils, helping people keep their jobs or paying them unemployment and other forms of gubmint cheeze?
no-brainer.