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Is Boeing a Buy Here?
Old 03-11-2019, 08:02 AM   #1
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Is Boeing a Buy Here?

I know that many will think itís is gruesome to consider after such a tragedy but the market is punishing the stock. I think it will recover in the long run. Just looking for now.
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Old 03-11-2019, 08:07 AM   #2
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It was a strong buy @ 9:31 AM EST @ 369. Not sure about now, though.
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Old 03-11-2019, 08:12 AM   #3
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I hate to say it, but I was thinking the same thing. I have some shares of Boeing in an old 401k, from when I used to work for McDonnell-Douglas/Boeing.


It had recently topped out at around $446, but was down to around $422 before this tragedy happened. I was watching it, as it fell in pre-market trading, and though I might rebalance a bit in that 401k, if things got too out of whack. But, it looks like the stock is already starting to recover a bit. So, I'm probably not going to do anything, unless I see a more serious drop...maybe down to 350 or so.
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Old 03-11-2019, 09:17 AM   #4
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I'd like to see how the price went last time this happened between the time of the crash up to a week after the black box was analyzed. I suspect the cause of the current crash was basically the same and I'm guessing the stock was down more after the flight recording was made public than the day of the crash.
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Old 03-11-2019, 11:21 AM   #5
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It seemed high just from this chart. I don't know the reason for it but I'm thinking we'll see a consecutive day drop.

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Old 03-11-2019, 11:53 AM   #6
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I thought it was a good buy at $108 in 2016, when I bought some. It would have been a good buy at $307 in December, 2018 but I missed it in the hysteria of the moment..


They have orders for 5000 of the planes, not counting the rest of their product offerings. It is a tragedy but I presume they will be around for awhile.
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Old 03-11-2019, 11:56 AM   #7
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Iím just holding on to the shares I have. Not worth the risk to buy more with all the unknowns, but not worried enough to sell what I have.
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Old 03-11-2019, 12:02 PM   #8
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Is Boeing a buy here?
Maybe. Maybe not.
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Old 03-11-2019, 12:07 PM   #9
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Iím just holding on to the shares I have. Not worth the risk to buy more with all the unknowns, but not worried enough to sell what I have.

Same here, holding shares bought quite a while ago. Why become a market timer now? I think BA will survive and itís had a run-up. The yield at current level is around 2%.
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Old 03-11-2019, 12:20 PM   #10
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Same here, holding shares bought quite a while ago. Why become a market timer now? I think BA will survive and itís had a run-up. The yield at current level is around 2%.

I left Boeing at the end of 1999, and at that point, I think their stock was around $45/share. That would have been the last time I invested into the 401k. I remember the sum total of my investments plus the company match was roughly $5810 at the time, and I think when I left, my 401k was actually at a slight loss.


But, thankfully, I just left that 401k alone. Just a week or so ago, it was up to a bit over $61,000, although it had taken a trim by Friday. And I know today's going to hurt a little. As time went by, I did move a bit of the funds into a bond fund, and an SP500 fund, but I think the account is still something like 81% in the stock fund.
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Old 03-11-2019, 12:26 PM   #11
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I left Boeing at the end of 1999, and at that point, I think their stock was around $45/share. That would have been the last time I invested into the 401k. I remember the sum total of my investments plus the company match was roughly $5810 at the time, and I think when I left, my 401k was actually at a slight loss.


But, thankfully, I just left that 401k alone. Just a week or so ago, it was up to a bit over $61,000, although it had taken a trim by Friday. And I know today's going to hurt a little. As time went by, I did move a bit of the funds into a bond fund, and an SP500 fund, but I think the account is still something like 81% in the stock fund.
Funny - I left Boeing in August, 2000. Loved working there - couldn't stand the traffic in Seattle.
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Old 03-11-2019, 12:43 PM   #12
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Funny - I left Boeing in August, 2000. Loved working there - couldn't stand the traffic in Seattle.

I worked for their Boeing's Space Systems Division, or whatever they called it, as a NASA contractor in Maryland. When the contract went up for renewal at the end of 1999, Boeing partnered with some small local company, because NASA wanted to give precedence to a "small", "disadvantaged" company (minority-owned, woman-owned, etc). So, Boeing went out and found one. They became the prime contractor, Boeing became the subcontractor to them, and they gave us a generous severance package to move over to the new company.


I have fond memories of working for McDonnell-Douglas, and then Boeing. But, I was young and optimistic in those days, and it was the 90's. I wonder if their culture has changed, just like the rest of the workplace? Or, I'm just getting old and jaded, and impatient? Or a bit of both?
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Old 03-11-2019, 02:23 PM   #13
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I also worked most of my career at Boeing, and accumulated "a few" hundred shares from various bonuses during my time there. With the recent stock run up this now represents "a few" percent of my NW and is, by far, the largest single equity position in my portfolio. I've been loath to sell it as I've enjoyed getting "a few" $K in dividends every year.

In all cases "a few" in the above means less than 5. My question is, how large do you allow a single equity position to get before you rebalance?
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Old 03-11-2019, 02:28 PM   #14
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I also worked most of my career at Boeing, and accumulated "a few" hundred shares from various bonuses during my time there. With the recent stock run up this now represents "a few" percent of my NW and is, by far, the largest single equity position in my portfolio. I've been loath to sell it as I've enjoyed getting "a few" $K in dividends every year.


In all cases "a few" in the above means less than 5. My question is, how large do you allow a single equity position to get before you rebalance?


That would depend on how many other equity positions you have. In my case, BA is less than 2% of my equities and less than 1% of NW. I love the dividends too!
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Old 03-11-2019, 03:15 PM   #15
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... My question is, how large do you allow a single equity position to get before you rebalance?
In the trust business, company rules might limit the number to 10% or 15%. More is considered an "imprudent concentration" of assets.

DW's megabank matched her 401K contributions with stock. IIRC she was over 20% and was restricted from selling until age 55. When she hit 55 we immediately cut it to 15%. YMMV of course.
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Old 03-11-2019, 03:16 PM   #16
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That would depend on how many other equity positions you have. In my case, BA is less than 2% of my equities and less than 1% of NW. I love the dividends too!
I do not find it that cheap here, even compared to a few weeks ago.
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Old 03-11-2019, 03:33 PM   #17
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I do not find it that cheap here, even compared to a few weeks ago.

No one said it was cheap. Itís tripled since I bought it. The question is when do you sell some to diversify. In my case itís a small percentage of my portfolio, so I have zero intention to sell. If the OP has a much higher percentage, then it may be a consideration, especially in a tax deferred account, which is not my case.
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Old 03-11-2019, 04:10 PM   #18
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Here's what happened after October's crash. After about two weeks it reached the same low as the day of the crash, then it got lower.

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Old 03-11-2019, 04:37 PM   #19
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No one said it was cheap. Itís tripled since I bought it. The question is when do you sell some to diversify. In my case itís a small percentage of my portfolio, so I have zero intention to sell. If the OP has a much higher percentage, then it may be a consideration, especially in a tax deferred account, which is not my case.
Yeah, I was more responding to the premise of the thread. I do not see it as a buy here because I don't see it as particularly cheap. If I was holding the shares, and I am not, I would not be looking to sell here. But I think they could go through a rough patch here that has a chance to create a buying opportunity but for me it would be lower than these levels.
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Old 03-11-2019, 05:05 PM   #20
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Haven't investigated yet but thinking about some calls with a year or longer expiry
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