Quote:
Originally Posted by Rain Man
Okay, question of the day. Boeing (BA)
Option A. Buy more because the stock has been beaten down by all of the technical problems, and at some point they'll get it all straightened out and make that money back.
Option B. Hold it if you've got it, because it's a blue chip with a big moat. Every portfolio should have some.
Option C. Sell it. They can't seem to get their act together, and it's going to have big downstream effects.
I've been running with Option B for a long time, and it hasn't paid off. About five years ago I was making great money on it, and then it got chopped in half with the various problems. Right now I'm a little in the red on the price, though dividends probably eke it a little above breakeven for me. But at best I'm not keeping up with inflation on it.
I don't have a lot of it, but it's one of those stocks that I feel like everyone should have in their portfolio if they're diversified. Frankly, though, I'm reaching my limit on patience and I'm not overly confident that they're going to work through all of their problems in time to avoid big losses in orders and sales. I'm moving toward Option C at this point.
What do y'all think?
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What did you end up doing?
Boeing has taken a whoppin since 1/24 to the tune of $26.35.
But I heard this podcast and thought of you. I thought it was pretty interesting. I didn't realize the moat they had over the industry.
Still have no clue what I'd do, but it is interesting.
EDIT: I think this has some NSFW language on it.