Boeing's Bad Balance Sheet May Doom It [View article]
I agree with the author. Boeing is indeed in very bad shape.
With a negative book value for its shares, and virtually no inside shareholders (less than 1/2 of 1%), it absolutely amazes me that their shares are still trading at roughly $40. Very scary indeed!
But perhaps the scariest of all, is just how much they are cutting costs in the production of new aircraft. It's certainly not a time that I would want to be placing an order for any.
Boeing's Bad Balance Sheet May Doom It [View article]
With a negative book value for its shares, and virtually no inside shareholders (less than 1/2 of 1%), it absolutely amazes me that their shares are still trading at roughly $40. Very scary indeed!
But perhaps the scariest of all, is just how much they are cutting costs in the production of new aircraft. It's certainly not a time that I would want to be placing an order for any.