Indeed. When BS trumps substance and truth, end days are not far behind. Good bye Boeing and US.
12 replies (most recent on top)
Great perspective herein and the usual BS and down voting from the Boeing PR lackies. This site has become the best source of info on Boeing.
The dominate BS source are the moгons feeding this moгon's thread.
Stսpid is as Stսpid does:
Yep, BS and greed!
Answer...BS and greed...
When Boeing got out of the part fabrication business, their ability to control costs went out the door with it.
All Boeing can do now is try to squeeze their suppliers who also have to show a profit to their investors. It’s a way to bring down costs upfront but then you pay for it over the life of the airplane.
Considering how Boeing is reluctant to replace a 50 year old design, it seems an incredibly flawed decision, but to be expected at Boeing.
You are precisely correct. Boeing quarterly reports would been even worse than they were if not for huge delivery income for airplanes that were built a couple years ago. It was reported yesterday that the October 737Max production rate was nearly half the September rate because of fuselage flaws. So more manufacturing failure and expense and still zero successful execution. Boeing is truly a house of cards using smoke and mirrors to hype stock price for executives and Wallstreet before the end arrives. McDonald Douglas did the exact same thing.
Execs are hyping cashflow cashflow cashflow. Was the cashflow surprise for good reasons? Sustainable reasons? Or:
- Selling planes that were built years ago meaning cash was spent in the past.
- Wasn't the 737 line behind in Q3, and 787 shut for ages, meaning pushing out current deliveries from suppliers and burning component inventory?
- Not yet adding employees and inventory to meet the projected rate or rate increases?
- Selling properties?
I'd like to hear thoughts contrary to the above. I hate the decline of a once great American company and hope I'm wrong.
No execution. I repeat, no execution. Calhoun's buy of stock is a tactical move to either make it tougher to dump him, pump the price as employee options are/have been flowing like cheap wine as a retention tactic (and are mostly underwater), or so big banks/institutions can dump before the real plan unfolds.
Boeing is heading for a breakup, bankrupt and bailout. The headquarters move near DC is making much more sense now.
According to Forbes, Boeing is posturing for breakup and going out of the airline business:
https://www.forbes.com/sites/richardaboulafia/2022/11/08/boeing-airbus-calhoun-new-jet-delay/?sh=134f4bbf39cb
Stock price is driven by fear and greed and manipulated by large investment companies. So it hardly ever reflects true value of companies. With regard to Boeing...greed because people still remember when Boeing stock was over $400/share...and what the previous fellow wrote. Obviously, even $40/share is more than Boeing is truly worth given what it is and what the competition is today. Fools and their money are soon departed.
The corrupt lawless insurrectionists will soon control congress so Boeing will soon be getting a 737Max unsafe crew alert system extension and fed bailout money with no strings attached.