Boeing (BA)

Re: Boeing (BA)

Postby winston » Wed Mar 20, 2019 1:48 pm

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Boeing (NYSE:BA) shares have stabilized after hitting major turbulence in connection to the two fatal crashes of 787 MAX aircraft because of what looks like a design flaw connected to an anti-stall system.

Boeing, under competitive pressure, reportedly buried details of the system’s operation to avoid airlines retraining pilots.

Shares were recently downgraded from buy to hold by analysts at Argus. But the worst looks to be over for the company, which will have to pay to make it right before getting back to its massive list of backorders.

The company will next report results on May 1 before the bell. Analysts are looking for earnings of $4.25 per share on revenues of $25 billion.

When the company last reported on Jan. 30, earnings of $5.48 beat estimates by 93 cents on a 14.4% rise in revenues.

Source: Investorplace
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Re: Boeing (BA)

Postby winston » Thu Mar 21, 2019 2:00 pm

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Buy Boeing shares because the 737 Max is 'too big to fail,' analyst says

"There is no meaningful alternative to support mass switching. It will be unrealistic for the market to reject the platform outright," Berenberg's Andrew Gollan says.

Berenberg kept its buy rating on Boeing, saying the primary factor in the two deadly crashes is the flight control system, rather than the plane.

by Yun Li

"The 737 MAX is Boeing's most important programme, generating 33% of group revenue, contributing over 50% of profit, and with a backlog of over 4,600 aircraft".


Source: CNBC

https://www.cnbc.com/2019/03/20/buy-boe ... -says.html
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Re: Boeing (BA)

Postby winston » Thu Mar 21, 2019 6:29 pm

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Boeing Shares Will Recover In Long Run, But It's Not Yet Time To Buy On Weakness

by Haris Anwar

The re-engineered Max version was so successful that it brought more than 5,000 orders worth more than $600 billion, including planes that have already been delivered.

The 737 Max is Boeing's largest contributor of product revenue and earnings before interest and taxes (EBIT), according to Goldman Sachs estimates, with a potential to make up for 45% of Boeing’s EBIT over the next five years.

China, which made up about 20% of Max deliveries worldwide through January, is considering excluding the Max jet from a list of American exports it would buy as part of a trade deal with the US.

According to Credit Suisse, a combination of negative developments may hurt Boeing’s cash flows by $3.7 billion this year, or about a quarter of the cash flow forecast by the bank.


Source: Investing.com

https://www.investing.com/analysis/is-t ... -200399664
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Re: Boeing (BA)

Postby winston » Fri Mar 22, 2019 7:31 am

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Boeing to mandate safety alert in 737 MAX software upgrade: sources

by David Shepardson

Boeing Co will mandate a previously optional cockpit warning light as part of a forthcoming software update.

Boeing previously offered the AOA DISAGREE alert, which warns pilots when the “angle of attack” (AOA) readings do not match, but it was not required by regulators.

Boeing will now retrofit older planes with the light that did not initially receive it.


Source: Reuters

https://www.reuters.com/article/us-ethi ... ess%201700
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Re: Boeing (BA)

Postby winston » Fri Mar 22, 2019 7:36 am

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Boeing to offer safety feature as standard in 737 MAX software upgrade: sources

by David Shepardson, Cindy Silviana

It is unclear how long it will take Boeing to refit existing MAX planes with new software or hardware.

Experts said it could take weeks or months to be done, and for regulators to review and approve the changes.

Regulators in Europe and Canada have said they will conduct their own reviews of any new systems.

In London Thursday, Randy Tinseth, Boeing’s vice president of commercial marketing, said the manufacturer is moving quickly to make software changes and expects the upgrade will be approved by the U.S. Federal Aviation Administration (FAA) in the coming weeks.


Source: Reuters

https://www.reuters.com/article/us-ethi ... ess%201700
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Re: Boeing (BA)

Postby winston » Fri Mar 22, 2019 9:29 pm

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New software for Boeing's (BA) 737 MAX jets will be tested by American Airlines (AAL) pilots on simulators this weekend, according to a pilots union representative who spoke to Reuters.
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Re: Boeing (BA)

Postby winston » Fri Mar 22, 2019 10:27 pm

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Boeing: Grounded After Fatal Accidents But Expected To Fly Again
Mar. 22, 2019

Summary

The recent tragic fatal crashes of two 737 MAX aircraft have prompted aviation authorities to ground the fleet globally, and Boeing has halted deliveries.

The discussed scenario is a 6-8 week period of disruption, with the planes needing a software upgrade to remedy the issue.

We acknowledge 2019 is likely to be a challenging year for Boeing.

But in the long term, we think Boeing will continue to outperform its sector peers.

The certification for the upgrade is expected to be approved by the regulators in April 2019.

Installation in the global fleet should be relatively easy; estimation is that it takes one hour per plane.

The expectation, thus, is that in 6-8 weeks the grounding will be over.

The overall cost for the repair is thought to be approximately US$ 500 million.

Also, some US$ 1 billion may be lost in monthly cash flow from the delays in delivery and lost in-process payments. Airlines may be able to recapture the lost revenue on the grounded 737 MAX by using other aircraft, but something will likely be paid in compensation by BA to airlines and leasing companies. This reimbursement may be up-to another monthly US$ 1 billion.

There may be of course payments made to the families of those passengers that lost their lives, and for replacement of the lost airframes, but insurance is likely in place to cover this eventuality.


Source: Seeking Alpha

https://seekingalpha.com/article/425049 ... ngcom_feed
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Re: Boeing (BA)

Postby winston » Wed Mar 27, 2019 2:59 pm

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Buy Boeing Shares as Risks Are Already Priced In, Baird Says

by Esha Dey

Baird expects a software solution to the 737 Max within days and implementation to begin immediately for grounded aircraft and those awaiting delivery.

He lowered his estimates for Boeing’s 2019 deliveries and results and now expects the company to deliver 871 aircraft during the year, 30 less than his prior view.

He also cut his earnings estimate for the year by 40 cents a share, to $19.85.

The average analyst estimate is $20.14, according to data compiled by Bloomberg.


Source: Bloomberg

https://finance.yahoo.com/news/buy-boei ... 13668.html
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Re: Boeing (BA)

Postby winston » Wed Mar 27, 2019 3:08 pm

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Why It Isn’t Time to Buy the Dip in Boeing Stock Yet

by Luke Lango

At the current moment, BA trades at just over 18 times analysts’ fiscal 2019 consensus earnings estimate for the company. But FY19 earnings estimates have not come down at all over the past several days and weeks.

They will drop, however, as a result of the 737 crisis. Thus, when all is said and done, fiscal 2019 EPS estimates may drop about 5%, settling around $19.20.


Assuming fiscal 2019 EPS estimates do fall to around $19.20, then a below-average, 18 forward multiple on that equates to a reasonabl,e “bottomed-out” price target for Boeing stock of around $345. Thus, I’m not interested in buying the dip of BA stock until the shares fall below $350.


Source: Investor Place

https://finance.yahoo.com/news/why-isn- ... 41136.html
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Re: Boeing (BA)

Postby behappyalways » Wed Nov 06, 2019 4:52 pm

Boeing whistleblower raises doubts over 787 oxygen system
https://www.bbc.com/news/business-50293927
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