Boeing Q3 FY12/24 Earnings Review

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But Of Course It Did

Yesterday, this happened.

Of course it did.

Boeing literally cannot get out of its own way at the moment. I cannot think of another company at this kind of scale with problems running this deep right now. Intel maybe, but so far Intel's factories aren't self-detonating and it's not having to tell its customers to use AMD chips in place of its own because of "strange noises".

I don't own Boeing stock myself, because I don't have to, and because whatever the technical appeal the chart may offer, it's hard to have any confidence that some new value-relevant matter won't appear out of left field at present.

The fundamentals are extremely weak and are getting worse not better. And the stock is all beat up.

I will say that this is often the very best time to buy stocks; but I can think of many things I would rather do with my own personal capital, so I am sitting this one out.

I will also say that the chart may be setting up for a nicely bullish move, so, take a look at the numbers and everything but more than that, look at the chart, and form your own view as always.