FleetBuzz Editorial.com

Despite Panoply of Issues, Are Boeing Shares Too Cheap to Ignore?

Goldman has been instrumental in driving down the stock for no good reason.

Boeing's backlog will suffer cancellations in 2009, no question.

However, in contrast to Airbus which already sports triple-digit terminations in '08, Boeing's fortunes are far better spread, not reliant on one or two customers for any of its projects save the 747-8I.

www.fleetbuzzeditorial.../

I'll wager now that Airbus in 09 has further cancellations and more than Boeing.

Sure, the 787 is a mess, but its the airplane the market wants - look at the orderbook despite the setbacks.

The stock is seriously undervalued, most notably due to GS's dubious commentary this year while failing to analyse the sector properly.