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  • The Test of Wills at Boeing [View article]
    Way to go Boeing strikers....your greed is causing American workers some real hardship that they did not choose....you chose it for them...and our economy needs you back to work....our company needs you back to work....are you so sick in the head that you enjoy the pain you are causing this great company, its suppliers and the entire country....I am ashamed of you...

    Quoted from seekingalpha.com/artic...

    "With the labor strike at Boeing's now entering its third week, Cramer said the real loser is not the aircraft maker or its employees but the company's suppliers. He put Boeing, along with all of its suppliers; squarely in the Thursday "Sell Block" segment. Cramer said with both sides of the labor dispute gearing for the long haul, Boeing's suppliers just cannot be owned. Included are:

    Spirit AeroSystems, which derives 87% of its sales from the now idled Boeing, has already cut its workforce to a three-day work week and said layoffs are looming. The company will see a 6% hit to 2008 earnings if the strike lasts a month.

    Rockwell Automation depends on Boeing for 14% of its sales. The company has just laid off 80 people.

    Precision Castparts is Cramer’s favorite. Cramer said the company gets 17% of its sales from Boeing and will take a 1.7% earnings hit if the strike lasts a month.

    Goodrich, maker of aircraft wheels and brakes, and composite maker, Hexcel, are at risk of big losses from a lengthy strike."

    Sep 26 16:46 pm |Rating: 0 -1
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