Boeing Company (The)Short
BA Thin Structure Retracement
# Boeing's 2024 Outlook: A Bearish Perspective
**TL;DR**: Boeing's 2024 is plagued by crippling labor strikes, production defects, delays in its aerospace programs, and a CEO drawing a massive paycheck despite mounting losses. With no clear solutions in sight, the company's stock is suffering, and the outlook remains bleak.
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### Key Issues Facing Boeing in 2024:
1. **Prolonged Labor Strikes**: Since mid-September, 33,000 skilled workers have been on strike, demanding higher wages and the reinstatement of pensions. Boeing's factories remain largely idle, costing the company $50 million a day. Negotiations have made little progress, and the strike shows no signs of ending
2. **Production Defects and Supply Chain Woes**: Ongoing problems with the 737 MAX, including engine defects and supply chain breakdowns, continue to delay production. These issues are driving away key customers and worsening Boeing’s reputation
3. **Starliner Space Program Failures**: Boeing’s Starliner spacecraft has failed to meet NASA deadlines, missing another opportunity to transport astronauts to the ISS. This has further tarnished its credibility in the space sector, leaving SpaceX to dominate
4. **Financial Instability and Credit Downgrade Risk**: Boeing’s stock price has nosedived, and analysts are warning of a potential credit rating downgrade due to weak financial performance and rising operational costs
5. **CEO Compensation Controversy**: Despite the company’s deepening struggles, CEO David Calhoun continues to receive a significant paycheck, raising outrage among striking workers and discontented shareholders
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Boeing’s problems in 2024 are compounding, with its future looking increasingly uncertain. Investors hoping for a recovery may have to wait far longer than expected as the company grapples with major operational and reputational crises.
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**TL;DR**: Boeing's 2024 is plagued by crippling labor strikes, production defects, delays in its aerospace programs, and a CEO drawing a massive paycheck despite mounting losses. With no clear solutions in sight, the company's stock is suffering, and the outlook remains bleak.
---
### Key Issues Facing Boeing in 2024:
1. **Prolonged Labor Strikes**: Since mid-September, 33,000 skilled workers have been on strike, demanding higher wages and the reinstatement of pensions. Boeing's factories remain largely idle, costing the company $50 million a day. Negotiations have made little progress, and the strike shows no signs of ending
2. **Production Defects and Supply Chain Woes**: Ongoing problems with the 737 MAX, including engine defects and supply chain breakdowns, continue to delay production. These issues are driving away key customers and worsening Boeing’s reputation
3. **Starliner Space Program Failures**: Boeing’s Starliner spacecraft has failed to meet NASA deadlines, missing another opportunity to transport astronauts to the ISS. This has further tarnished its credibility in the space sector, leaving SpaceX to dominate
4. **Financial Instability and Credit Downgrade Risk**: Boeing’s stock price has nosedived, and analysts are warning of a potential credit rating downgrade due to weak financial performance and rising operational costs
5. **CEO Compensation Controversy**: Despite the company’s deepening struggles, CEO David Calhoun continues to receive a significant paycheck, raising outrage among striking workers and discontented shareholders
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Boeing’s problems in 2024 are compounding, with its future looking increasingly uncertain. Investors hoping for a recovery may have to wait far longer than expected as the company grapples with major operational and reputational crises.
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Note
apnews.com/article/boeing-737-max-victims-plea-agreement-fraud-7b772b2ae171b0e3cb9916d10d05652f
Boeing’s lawyers argue for settlement opposed by relatives of those killed in 737 Max crashes
Note
Earnings Losses: Boeing reported significant earnings losses in 2024, including a Q2 loss of $2.90 per share
MarketBeat
. Continued challenges with production and supply chain disruptions have strained profitability.
Debt Levels: Boeing has taken on substantial debt to navigate through the crises, increasing financial risk, which some investors see as a red flag when considering the stock's value.
Stock Price Resilience: Despite ongoing losses and operational challenges, Boeing's stock price has remained relatively high, which could be due to optimism about its long-term prospects or broader market dynamics. However, the high price might not fully reflect the underlying challenges the company faces.
Valuation Metrics: Some analysts point out that Boeing's forward P/E ratio remains elevated compared to its historical norms and to peers in the aerospace sector. This suggests the market may be pricing in a more optimistic recovery than is justified by current fundamentals.
Note
Talks between Union and Boeing is in shambles. CEO and past investors are exiting and reinvesting their profits into AI stocks. Boeing is not an AI stock.
They got downgraded to JunkBonds by several rating agencies.
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Mass layoffs will tigger the next wave of employees exercising their stock options so they can feed their family even if it costs them. Note
Cutting labor doesn't produce more planes.
Dividends desire gone from 3% to 0%
Stock is plummeting....
CEO can't handle the situation is calling for the US Labor Secretary for help.
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The CEO is trying to raise more funding for a $10 billion dollar loan, when they can't even ship their backlog? Where is this 10$ billion dollar going to? 
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