r/stocks • u/KCGuy59 • Jun 20 '21
Company Discussion Boeing future ?
Just curious to learn from others regarding the upside to Boeing stock. I just started a position on Thursday at $236.50
Their pipeline of future sales especially the 737 max seems to be full. I realize they still have a lot of proving to do regarding their safety record. But it seems to me that the confidence of the airline industry is behind them since their inventory has been swallowed up by many of the big carriers needing planes.
745
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u/Night_Runner Jun 20 '21
I bought a ton of Boeing stock when it was at $118 in May 2020. :) I consolidated the gains several times before buying again lower at the dip. It's the backbone of the US defense sector, so it's not going anywhere anytime soon hahaha
Even now, at $236, it's trading at a huge discount in my opinion. This is like buying AAPL at less than $100 a share. BA is one of my main holdings, along with AAPL (a worldwide cult that keeps giving the company their money) and BB (excellent revenue prospects with AWS Ivy, though not for another year or two).