The current production model is 737 MAX. The planes affected are older products. A valve is sticking. From the planes sitting and not flying. Corrosion. Sort of like when you have an old car, and you don't drive it around the block once a week. It doesn't run right. Military contracts have been coming in. US and other countries are still buying new, and resto-modding old, F-15 fighters.
Watching action around $150 Im curious to see if we have further broader market weakness if the old guard like BA end up being were money goes to hide.
should we do a poll to see who will fly the 737s? ------------------ Boeing shares are trading higher potentially after a report surfaced noting Boeing's 737 MAX could receive regulatory approval by the EASA to unground the plane in November. Sep 25, 2020 11:45a ET
Boeing is a lesson in how bad management begets bad management. When someone runs a company into the ground through corruption and horrendous managament, there is an 80% chance the successor will be very bad. Over the years, management becomes saturated with corruption and top down incompetence. The only chance a company in this position has is if the the board is taken over by a controlling interest and parachutes in fresh management. In these cases, the company has about a 60% chance of success. Boeing is going to be an anchor sucking on the public teat, pumping billions of dollars into a few corrupt people, for a long time. The 737 Max problem was caused by bad management and the fix has been blocked and stalled by bad management. Good quality people could sort through this and get the air safely in a reasonable amount of time. The tantrum and lack of ability to admit fault when planes are crashing and having control problems should be criminal. Shoot those a-holes, imo.
I don't know how corrupt ge is, but it has been plenty suspect in the past. Ford has been incompetent but not beyond repair, if Tesla didn't exist. Boeing has taken us to a new level of corruption. It's like they think they can not bother fixing the 737 Max, have their government buds push through a tsa approval, and no one will notice future planes falling from the sky. My gawd.
The TSA has conditionally cleared the Max to fly again. There are several conditions, including a software update, an unrelated waiting update, training, etc. March 13, 2021 will be two years since the Max was grounded. Boeing's defiance in all this is the reason I would never touch them with current management. A couple of media pieces put a positive spin on this. Is anyone looking to get in or, perhaps, back in?
[Boeing Stock Analysis] (BA) Down 42.5% since all-time highs in 2018 Military spending policy sensitive Large moat in all of its segments Just posted one of the worst quarterly reports in its lifetime Backlog of 4.200 [Stock Rating - C] (Hold) The company has a large moat in its segments It just posted massive losses and don't expect to be cash-flow positive for some time Conclusion: Hold if you already have a position. If not I would advise against opening a position, due to the uncertainty that is still inherent to the company. Watch the full analysis here:
The Max is currently under another conditional grounding. The refuelling processor that does not operate correctly. Apparently, there is an inaccuracy in the refuelling calculation that leaves the aircraft susceptible to over-fuelling. Further, if the aircraft does over fuel, there is no auto-stop, audible warning, or visible warning. The FAA has mandated these aircraft cannot fly until the fuelling processor is replaced. I believe they are free to fly wherever they want, once this replacement is done.
