3 hours ago, starstream707 said:

never going to happen

This is the same mentality as calling the Titanic is Unsinkable

Oldest Companies in the World still operating today:

1. Kongu Gumi - Founded 578 Japan - Built Religious Temples
2. Nishiyama Onsen Keiunkan - Founded 705 Japan - Hotel
3. Koman - Founded 717 Japan - Hotel
4. Hōshi Ryokan - Founded 718 Japan - Hotel
5. Genda Shigyō - Founded 771 Japan - Ceremonial Paper Goods
6. St. Peter Stiftskulinarium - Founded 803 Austria - Restaurant
7. Staffelter Hof - Founded 862 Germany - Winery
8. Monnaie de Paris - Founded 864 France - Mint
9. Tanaka-Iga - Founded 885 Japan - Religious Goods
10. The Royal Mint - Founded 886 England - Mint

What makes a company valid over the centuries? Religion, Food, Textiles, Alcohol, Money etc Basic Goods and Religious Needs and a culture of people that pass on the culture to the next generation

Does Boeing have what it takes to become a centuries old company??? Absolutely not, they do not have a culture of people that care about it's future beyond the next 10 years, it is just a modern necessity but has no certainty about its future. Nothing that they manufacture will make them valid decades from now either. The people at Boeing today have nothing in common with centuries old companies

3 hours ago, starstream707 said:

the government will bail them out

This government you are referring to could also fail too, even that is not a sure thing

Never say Never 

Edited October 24, 20241 yr by Matthew Kane

4 hours ago, starstream707 said:

Still say never going to happen, the government will bail them out, they are too important for national security. Imagine not being able to produce airplanes in WWIII scenario or getting on airbus orders behind France and anyone else there before us. Not Gonna Happen, ever!

Kodak, sure, when was the last time you needed a Kodak camera to pull out of your pocket and snap a pic? I mean technology put them out to pasture.

It could happen. Boeing will disappear if taken over by Elon Musk.  New name: Plane X. lol

4 hours ago, starstream707 said:

Still say never going to happen, the government will bail them out, they are too important for national security. Imagine not being able to produce airplanes in WWIII scenario or getting on airbus orders behind France and anyone else there before us. Not Gonna Happen, ever!

Kodak, sure, when was the last time you needed a Kodak camera to pull out of your pocket and snap a pic? I mean technology put them out to pasture.

Actually, technology did not put Kodak out to pasture. It was Kodak management who put Kodak out to pasture.  The guy who made the first digital camera in 1975 worked for Kodak (Steven Sasson - Wikipedia). But Kodak management did not want to cannibalize their film business which had gross profits of 85%.

The same thing was going to happen at Apple. Absent Steve Jobs, Apple management initially refused to develop the iPhone because they too were fearful that it would cannibalize the sales of the iPod.

8 hours ago, G550flyer said:

Last fiscal year, they collected 4.92 trillion in taxes. Of that, 916 billion was the military budget.

This year they'll collect more than that and the interest on the debt will be about 1 trillion.  This year's deficit will be nearly 2 trillion.

Everyone has gone mad.

Dave

There's an old Arapaho saying, "Only the rocks live forever."

Noel

If the government will bail out an insurance company(AIG) they will certainly bail out Boeing. They will simply print more money and move on.  That's what they do.

 

Bill W

Warren Buffett said " when people get greedy I get scared, when people get scared I get greedy". Always looking for bargain price on good strong companies  that might be under valued at the moment. IMHO buy and hold a little BA. In three to five years ye shall have your reward.

Disclaimer: The last two sentences are mine, not Buffett.😉  

A few observations.  Boeing is very entrenched as a defense contractor and that will keep it alive "if all else fails", which seems to be starting to happen given recent event.  Lots has been written on what has gone wrong with Boeing's management in recent years.

I spent my career working at Lockheed Martin, a stanch Boeing competitor.  We lost more that one major defense contract to Boeing solely due to cost, though most of the time the customer told us that our proposal was far more realistic and overall better (except in cost).  While I worked there (been retired for 5 years) all upper management rose up through the engineering ranks.  They'd encourage and pay for employees to get MBAs to keep this system going.  This obviously breeds management that knows what their company's strengths are really all about.

One thing I experienced in the last decade or so I worked there was the erosion of highly specialized engineering talent.  Erosion in that most new hires simply were not of the mindset to make a career working for LM (and perhaps anywhere) and thus leave the company after two or so years.  But unfortunately the specialized technical skill needed to do the really intense "rocket science" takes several months to nurture, and it's largely based on highly specialized knowledge that was developed over the years by the engineers who stuck around, and they would train the junior engineers in that knowledge.  Obviously the best case is when the new engineers enhance and modernize that knowledge (I did), and thus are contributing to making the best product yet while growing the knowledge base.  With what I witnessed, that knowledge flow isn't as reliable anymore due to the career mindset mentioned above.  I'd imagine that all aerospace companies are dealing with this.

On 10/25/2024 at 6:32 PM, birdguy said:

There's an old Arapaho saying, "Only the rocks live forever."

Even rocks have a limited lifetime. Granted, those lifetimes are frequently measured in eons, aside from limestone which lasts mere decades... 🤔

On 10/23/2024 at 10:32 AM, Matthew Kane said:

They said the same about Kodak, too big to fail, it was unimaginable.

Kodak was a major goverment contractor, millitary contractor, key player in the second world war and the cold war, and in every home in America, and they were there when the first man walked on the moon. People don't think about how big they were anymore because it fell, but when I hear people say that it could never happen to Boeing, you really don't understand the Kodak story enough and should research more.

Absolutely Boeing could fail too and it would be very ugly, never think otherwise

My father in law was an Eastman Kodak accountant.  My wife of course grew up in Rochester which was for the most part a company town, though Bausch & Lomb and Polaroid were also important at one time.  The WWII business, Eastman Chemical, was spun off and still is a going concern.  They were instrumental in the atomic bomb building business in Oak Ridge Tenn.

 

I can see Boeing being split up with the defense/space business going its own way.  I can see the commercial aircraft business in Seattle going away, which unfortunately seems to be what the union wants.  (I admit I am biased.  My father was a foreman for Allis Chalmers, and IMO the UAW put them out of business.  Now instead of workers in West Allis WI getting good skilled wages, the old shops are replaced with crappy retail where you can maybe make $12/hr selling.)

 

scott s.

.

 

5 hours ago, TheFamilyMan said:

A few observations.  Boeing is very entrenched as a defense contractor and that will keep it alive "if all else fails", which seems to be starting to happen given recent event.  Lots has been written on what has gone wrong with Boeing's management in recent years.

I spent my career working at Lockheed Martin, a stanch Boeing competitor.

 

I have kind of an interesting (well, to me anyway) background being Navy and having contracts with both McDonnell Douglas and Lockheed (at the time Lockheed Missiles & Space originally in Sunnyvale Ca but then they moved to Austin Tx).  But after Lockheed merged, they moved that business line to King of Prussia PA, and most employees quit as Texans aren't really interested in moving to Penna.  The McD folks were in St Louis, north of the Airport.  We also had a separate contract with their factory in St Charles across the Missouri River.  I retired before McD merged with Boeing, so don't know what happened to the St Louis people.  In my  day there were still F/A-18s being built in St Louis.

 

scott s.

.

 

Might find this interesting to this topic.

Boeing Secures Order For 10 787s From LATAM Airlines: Details

Benzinga -  20 minutes agoInvestment News

 

 

 

 

Boeing Company ( BA ) disclosed an order for 10 new 787 Dreamliners from LATAM Airlines Group, with options for five additional aircraft.

This acquisition strengthens LATAM's position as the region’s largest 787 operator and further invests in a fuel-efficient, modern fleet for Latin America.

With this latest order, LATAM plans to expand its 787 fleet to 52 by 2030, enhancing capacity on high-demand routes and supporting new routes, such as its nonstop service to Sydney, Australia.

Notably, Boeing's ( BA ) 2024 Commercial Market Outlook projects that Latin American air travel will more than double in the next 20 years, with annual growth of 5%. Nearly 2,300 new airplane deliveries are expected, expanding the regional fleet to over 3,000 aircraft by 2043.

Ramiro Alfonsín, Chief Financial Officer of the LATAM Airlines Group said, “The Boeing 787 is a much more efficient aircraft, allowing us to continue growing sustainably while reducing our carbon footprint as we drive the growth of our operations. This order will enable us to receive at least two aircraft of this model each year from 2025 until the end of the decade,”

Also Read: What’s Going On With Boeing Stock Monday?

Today, Boeing ( BA ) disclosed concurrent public offerings of 90 million common shares and $5 billion in depositary shares.

Boeing ( BA ) plans to use the proceeds for general corporate purposes, such as debt repayment, working capital, capital expenditures, and subsidiary investments.

Investors can gain exposure to the stock via First Trust Exchange-Traded Fund First Trust Indxx Aerospace & Defense ETF and Gabelli Commercial Aerospace and Defense ETF ( GCAD ) .

Price Action: BA shares are down 1.16% at $153.29 at the last check Monday.

Photo via Shutterstock

Read Next:

Boeing Eyes $15B Fundraise As It Struggles Due To Strikes And Mounting Losses: Report

 

 

 

 

17 hours ago, scott967 said:

My father in law was an Eastman Kodak accountant.  My wife of course grew up in Rochester which was for the most part a company town, though Bausch & Lomb and Polaroid were also important at one time.  The WWII business, Eastman Chemical, was spun off and still is a going concern.  They were instrumental in the atomic bomb building business in Oak Ridge Tenn.

 

I can see Boeing being split up with the defense/space business going its own way.  I can see the commercial aircraft business in Seattle going away, which unfortunately seems to be what the union wants.  (I admit I am biased.  My father was a foreman for Allis Chalmers, and IMO the UAW put them out of business.  Now instead of workers in West Allis WI getting good skilled wages, the old shops are replaced with crappy retail where you can maybe make $12/hr selling.)

 

scott s.

.

 

That is how I see it too, the first to be sold off or liquidated should be the Space Division, Defence seperated out with National Security protection and scaled down to focus on what is really needed for National Defense, and then the Passenger Jets seperated out with major reforms, and I agree it's future in Seattle doen't look good either.

Cool about your inlaws I was a Lake Ontario Kid too, lots of great 'Kodad Memories' 😁

Boeing Might Be Quitting Space With A Potential Division Sale To Jeff Bezos

Should be bought be Elon Mush and renamed X-Plane.  Should then advertise in X (formerly Twitter) to help address ad sponsors leaving X.

On 10/27/2024 at 10:49 PM, n4gix said:

Even rocks have a limited lifetime. Granted Granite, those lifetimes are frequently measured in eons, aside from limestone which lasts mere decades... 🤔

Fixed it for ya. 😁