Sadly 787 production has slowed due to the coronavirus pandemic. A number of key factories have been closed, and depending on the spread more may have to shutdown outside the US as well.
However, this has not dampened Boeing’s mile high ambitions. There space craft testing is still moving ahead and showing promise after a disappointing first trial.
These are tough times for everyone, and aviation is feeling the burn, however have Boeing got enough business line diversification and long term commitments to fend off the bears?
Not the most profitable company, and expected to encounter more issues, they still pilot an incredibly strong balance sheet and always keep their shareholders in fair weather. However, there are storm clouds on the horizon according to the expert analysts, an extremely poor momentum score shows no one is expecting an easy landing.
The combination of a strong balance sheet, but a less than sunny outlook, means the market isn’t taking a strong view when it comes to value. It appears to be a company that will last through any turbulence, but the clear skies could be in the distant future.
Interested to hear your thoughts and news on Boeing. A stock you are looking to pickup, or something on the watchlist for after the pandemic?