Show Me the Money! 20 July, 2020, by Vladimir Rojankovski, Chief Analyst, Grand Capital
Boeing's reputation remains under siege even after the much-advertised test flight of Boeing 737 MAX couple of weeks ago. The company was forced to release a catastrophically damning set of documents to congressional investigators last week that included "conversations among Boeing pilots and other employees about software issues and other problems with flight simulators" for the 737 Max, the plane involved in two fatal crashes.
The messages further complicate Boeing's tense relationship with the Federal Aviation Administration, which can't be satisfied to read the disdain with which Boeing treated the civil aviation regulators.
After the undisclosed outcome test flight, the Boeing share edged up almost 6.5% to $176, but its quarterly earnings date of July 29 will be Boeing’s judgement day, because there is nothing to cheer up its shareholders with. The company reported net loss of $5.72 a share in the previous quarter, which is expected to further deepen this time around, so Boeing is a definite short, which will be easy to cover at a profit thereafter.
Boeing's reputation remains under siege even after the much-advertised test flight of Boeing 737 MAX couple of weeks ago. The company was forced to release a catastrophically damning set of documents to congressional investigators last week that included "conversations among Boeing pilots and other employees about software issues and other problems with flight simulators" for the 737 Max, the plane involved in two fatal crashes.
The messages further complicate Boeing's tense relationship with the Federal Aviation Administration, which can't be satisfied to read the disdain with which Boeing treated the civil aviation regulators.
After the undisclosed outcome test flight, the Boeing share edged up almost 6.5% to $176, but its quarterly earnings date of July 29 will be Boeing’s judgement day, because there is nothing to cheer up its shareholders with. The company reported net loss of $5.72 a share in the previous quarter, which is expected to further deepen this time around, so Boeing is a definite short, which will be easy to cover at a profit thereafter.