aeroinsider1

Earnings Preview: The Boeing Company

Boeing CEO W Jim McNerney has made clear his intention to stand fast at any cost to keep outsourcing language in the IAM contract strong. He clearly believes it will pay off in the long run. That's the operative term "long run". Boeing's announcement that they will return to the bargaining table 10/22 is only a smoke screen, damage control for what will be a disappointing earnings report 10/21. Don't be fooled, if you buy tomorrow the floor will drop out Thursday. Look for Boeing to drop into the 30's by late next week, then buy. Boeing's board members seem more than willing follow McNerney's lead. Their loss, our gain.