Vikram Saxena

Boeing's Bad Balance Sheet May Doom It

Stephen:
There is a big difference between Pension Fund Assets going to zero (or negative) and the over-funding going to negative. With stock prices cut in half in six months it is not a surprise that the excess in Pension Funds is no longer available.

What would have really helped is an analysis of how the damage to balance sheet might force Boeing to raise capital at significantly depressed equity price levels. Further is there any indication that Boeing's ability to raise debt is impaired (CDS spreads widening, ratings falling etc.)?