Boeing - don't buy this dip, either
Posted: Apr 10, 2024
- Boeing stock price has been gradually declining from $200s to $170s - Expect the decline to continue due to cash flow challenges - Defense business has poor contracts causing low margins - Commercial business facing issues from COVID-19, production lines, and inventory - Services business supporting two money-losing segments - Fundamental cash flow issues beyond negative news - Believes Boeing is a bad buy in next 3-6 months - Boeing a value trap at the moment - Stock may be a screaming buy once issues are resolved, but not yet.
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