Boeing, Still No Bid
An update to our previous estimate. At current, it looks like there is no bounce for BA. We are exceeding a 70% decline since the start of the #Covid19 outbreak and a near-80% decline since the engine defect back in early 2019.
At some point, I'd expect an asset backing to come into place - i.e. equity relief, or cash injection/short term maturity bonds.
At some point, I'd expect an asset backing to come into place - i.e. equity relief, or cash injection/short term maturity bonds.
Pierce Crosby
GM, Americas @ TradingView
GM, Americas @ TradingView
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.