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re: So when do we buy Boeing?

Posted on 3/19/19 at 10:58 am to
Posted by The Ostrich
Member since May 2009
2551 posts
Posted on 3/19/19 at 10:58 am to
quote:

How much of Boeing's value is contingent on this new model selling well?


Honestly I don't think so. About 10-15 years ago when they fricked up and tried to lower production cost of the 787 Dreamliner Program by outsourcing to Japan. Ended up with as shite ton issues with the batteries catching fire and other shite happening that caused them to have to ground their planes and repair/replace the outsourced parts. Production cost went from and expected $6B to $32B and the stock price plummeted. Fast forward to today. After all the bullshite that happened wit the 787 back then they are literally just now starting to turn a profit on this model which is sold for roughly $180M-$200M. They upped production and are no longer losing $30M per plane like it was up until about 2016-2017. So I really think that that unless whatever is going on with 737 is fricking atrocious and cost them more than the profits they are gonna turn on the 787 then it shouldn't affect it to much other than the short term reaction that's happening right now.
Posted by Pendulum
Member since Jan 2009
7068 posts
Posted on 3/19/19 at 11:30 am to
I haven't followed Boeing closely longer than 5 years; but did the 787 issues result in 330 or so deaths?

I would think this is a pending liability in a different stratosphere than the comparison. I mean they are going to be dealing with the lawsuits from these people forever.

But the point that the bad perception was overcome is valid I guess. Just not sure if the problem results in so many notable fatalities.
This post was edited on 3/19/19 at 11:32 am
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