About Boeing (BA)
The Boeing Company was founded in 1916 by William Boeing to capitalize on the fast-growing demand for aeroplanes during World War 1. The company’s first financially-successful aircraft was the Boeing 'Model 2', a seaplane used during the war.
Made from wood, linen and wire, it was just the start of Boeing’s long history of designing and building commercial and military aircraft. Boeing went on to develop a range of famous planes, including the 314 Clipper Flying Boat used in World War 2, the 707, 727, 737 and the legendary 747. The 747 was the aircraft that opened up the world to everyone in 1969, allowing people to fly to faraway destinations more cheaply than ever before.
Today, Boeing is facing challenging times due to crashes of the 737 MAX (October 2017 and March 2018), and the global Coronavirus pandemic in 2020, grounding planes across the world.
The company has excellent opportunities across commercial aircraft (ultra-modern 787 Dreamliner and 777 widebody), military aircraft, and extensive NASA partnerships (Space Launch System, Starliner Capsule and ISS projects). Boeing could have a bright future when the world returns 'to normal'.
Boeing stock price
Aside from a few price drops, the Boeing stock price went from under $6 in 1980 to over $100 in September 2007. It then dropped by nearly 70% in the next eighteen months - mainly due to the financial crash and heavy competition from European rival Airbus.
From February 2009, BA stockholders enjoyed a rising price trend until it reached a 58-year high of over $440 on March 1, 2019, despite dips and negative sentiment resulting from its two Boeing 737 MAX crashes.
The stock price remained volatile above $300 until the end of January 2020, when it plummeted to $95 by March 20 due to the effects of the COVID-19 pandemic. By June 2020, the price had doubled to $200 but has a long way to go to reach its early 2019 highs.
What the bears are saying
- We may never fly the same way again: With the impact of COVID-19 still spreading across the world (and getting worse by the day), it may be years until we can fly like we used to.
- Orders are being canceled: Boeing has a significant order book for new planes (over 4,000). However, gaining new orders may be challenging due to the uncertainty of future air travel.
- Airbus is a strong competitor: European rival Airbus is hot on the heels of Boeing, with the launch of new ultramodern planes like the A330neo and A350 XWB.
What the bulls are saying
- Boeing is a stable company with a wide range of businesses: Boeing has lucrative, long-term contracts with the Department of Defence and NASA that contribute significant sums to the company’s revenues.
- It still has a good list of orders: A lot of orders might be getting canceled by airlines around the world; however, 4,700+ orders (at the time of writing) is no small number.
- The Dreamliner is revolutionary: The recently launched 787 Dreamliner is a widebody plane made from highly advanced composites, for lightweight, fuel-efficient operation. It is expected to draw large numbers of orders as the world ‘reopens’ once more.
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This article is for informational purposes only and takes no account of particular personal or market circumstances, and should not be relied upon as investment, tax, or legal advice. For investment, tax, or legal advice, and before taking any action you should consult your own advisors. Note that assets such as equities present unique risks for investors.
This content is correct as of October 2020
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