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The Boeing Company Q3 2008 Earnings Call Transcript

McNerney....There you again. "management rights" How long do think you can fool people into believing that you idiotic off-loading decisions have been a benefit to anyone? Stevie Wonder can see how badly your team has messed up the 787 program, are you smoking crack? I bet you can't identify the working end of a screwdriver. You have got to be the one of the dumbest people I have ever had worked for. You are sucking up HUGE money for absolutely nothing yet you seem dead set on screwing it up! Face it...you don't know squat about building airplanes. Let Mr. Carson run your negotiations for you, he has a brain. You need to take your limo home to your mansion and shut your cake hole.

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.