Boeing down over 70%

Pajeet and Rajeesh plz go

I don't think investors were liquidated at GM. That pissed me off from a political prospective, but it's good for the people who invested when the stock was pennies.

I know investors weren't liquidated on the banking stocks when those were bailed out bc I was one of them.

Because it will end up like GM stock.

this. they won't let Boeing fail but shareholders can get fucked.

>After the Chapter 11 filing, effective Monday, June 8, 2009, GM was removed from the Dow Jones Industrial Average and replaced by Cisco Systems. From Tuesday June 2, old GM stock has traded Over the Counter (Pink Sheets/OTCBB), initially under the symbol GMGMQ[11] and currently under the symbol MTLQQ.

>70% down and is still overvalued.

>Too big to fail
Haven't heard that one before.

kek

Dow is about at about -35%
The 2008 recession went -50%. The great depression went -90% and it took 25 years to recover.

>They have been in decline every since they got called out for using shitty old planes and killing hundreds

Boeing isn't just commercial airliners. It makes ruffly 25% of revenue from military which isn't shrinking.

Boeing and airbus have a global duopoly on the commercial airlines market neither company will be allowed to fail by it's gov.

This isn't like some shitty consumer electronics firm that can just be replaced by a new player. The industry is completely static partially bc of regulation and partially bc of the massive cost of entry. Any new player will have to be government sponsored.

buying a stock because you expect big gubberment to bail it out, seems kinda gay

It’s on my watchlist but I want it in the 50s

this, letting boeing go under would compromise invaluable military secrets (or at least the (((military))) would say so. boeing has to be bailed out, as much as i hate boeing

This thread is helping me sharpen my thinking. People are valuing boeing like it's just another consumer facing widget manufacture when it's actually a national asset that the gov will not allow to fail or be replaced.

The funny thing bout dow being down 35 is that the last 4 years of it going up 40% were complete horseshit and didn't reflect any underlying reality. there was a fucking trade war that was totally masked by constant buy back pumps and rate cuts. That we are just blowing off all the fake pumped up numbers means that there is so much farther to fall it's not even funny.

With all of the internal shit at Boeing, I wouldn't let them have a dime. Neither should you.
I've been waiting for them to get it together so I can get in, but they just keep fucking up.
Corona is just the nail.
They suspended the divvy. There's no reason to hold long term, even at this price. Expect some real weak hands at opening later.

what do you gain by not waiting it out?

1) Is there any reason to believe they'll recover this week?
2) Is there any reason to believe they'll get bailed out this week?

No? Wait another week, rinse and repeat.

>neither company will be allowed to fail by it's gov.
At the end of the day if people boycott boeing like they were then they will lose business. Government won't keep jacking money into it if civilians dont want to fly in their planes.

Isn't this more justification for the government to just take them over instead of bailing out? You aren't really helping your argument.

but that wouldn't be very muh free market now would it

it's like buying a shitcoin because of a bank "partnership" but it turns out it's actually true

No you don't get it. It's a "national security" issue. Boeing doesn't just make airplanes. Just making purchases of civilian airplanes from Boeing is how govts around the world curry favor with the US + it's a military supplier + the US CANNOT surrender the aircraft market to Airbus and just the idea that a 3rd party (like China) could interrupt their duopoly will make every general in the pentagon's head explode and they'll start shoving congressmen in lockers.

The government will literally steal bread out of orphans mouths to save Boeing if thats what it takes.

>With all of the internal shit at Boeing, I wouldn't let them have a dime. Neither should you.

There is no fundamental reason boeing can't make planes. They outsourced a bunch of work to pajets on the 737 max scandal. boeing and airbus are purposely kept at about the same size by goverments and even each other.

boeing and airbus have agreements not to compete in certain size segments for example. I don't remember the exact details, but it basically works like this. Boeing will not design a new plan that holds 300 people ( a market airbus dominates) and airbus will not design a new plane that holds 150 people (which boeing dominates).

Then there is the fact that air lines themselves and governments will make purchases strategically in order to keep both suppliers alive. everyone wants to keep both suppliers alive if one supplier starts getting too many orders large players will start intentionally ordering from the other supplier.

Basically non of this shit is that free market 101 bullshit.
That would be the moral thing to do, but our gov doesn't work that way. They didn't do it in 2008 with the banks and the gov is only more beholden to the financial class now than it was then.

This is the most compelling argument so far. My only fear is that people realize their mistake that boeing is not a typical free market company that can fail.

>No you don't get it. It's a "national security" issue. Boeing doesn't just make airplanes. Just making purchases of civilian airplanes from Boeing is how govts around the world curry favor with the US + it's a military supplier + the US CANNOT surrender the aircraft market to Airbus and just the idea that a 3rd party (like China) could interrupt their duopoly will make every general in the pentagon's head explode and they'll start shoving congressmen in lockers.

>This

but the market seems to be valuing boeing as if it could actually fail. There is nothing free market about boeing or airbus. They are just quazi goverment extensions. The same goes for lockheed and Raytheon btw.

BRO, YOU'RE NOT SUPPOSED TO KNOW THIS STUFF

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Eh they probably won't go out of business they could still make military planes. They stopped production on their latest plane cause it killed 350 people in one year.

Looks like their planes aren't the only things that crash

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>My only fear is that people realize their mistake

technically trading curbs happen if there's a great surge as well, not just a crash, worse case scenario you'll miss out on 20% gains in a day.

I'm too autistic to tell if you're making fun of me or not.

Working in aerospace made me realize free market libertarian theory about the way the world works is bullshit.

can you explain this?

sorry that'd be the exchange overall

see instead: luldplan.com/

Wow you don’t glow at all!

Nationalize it

>QQ
Yup sounds about right

They will bring in new technologies. Anti-gravity and free energy. They will kill off (((their))) old companies and spring new ones back to life. But the same “people” will run the show imo.

They did this many times throughout history. They build it and then they destroy it.

Boeing management has literal terminal retardation. I know because I've worked with them. That company is fucked on every level. It's unrecoverable.

One story please

>Boeing is down 70% off from it's all-time high
fixed that for you

The real big brain move would be to own the stock and hedge it with credit default swaps. If the govt doesn't bail them out you'll get a huge payout from the CDS seller.

>Kills 350 people
Funny how with some of their planes that's a feature and for others it's a bug

I am looking into getting call options. How does that differ from DCS?

That's too bad. It really is a heritage American company.

When I worked in aerospace I kind of got the impression that management didn't matter that much and my company was essential a rental house for engineers to work for the government.

I was working in defense though.

Boeing has been taken over by dumbshit accountants and MBA. Everyone is a pencil pusher and nobody actually does anything meaningful (or is even allowed to). Every single basic engineering task has to have an approved "business case" about how it will make the company money. I'm talking 12 months of recurring meetings for stupid shit like why designing a door hinge is a good business idea. The reason they made the 737 MAX is that they're incapable of designing a new airplane, as that would take literal centuries worth of meetings.

Yeah, it can go to 0, literally, and get delisted.

Buy Unification before main net. It's gaining against BTC.

The previous price was obviously dogshit so you shouldn't base anything on what it used to be

and this is why i am all in on NOC

They could get a new CEO and fix all this. The thing is there is so much institutional knowledge and capital (human and physical) in a company like boeing that even if the company is hugely inefficient it's not going away. Just think there is probably some piece of of a wing that like 2 people in the world know how to make and one works at boeing.

Actually people though these things were true about the automotive and space industry until Elon Musk came along, but he is kind of a once in a generation kind of person. Also he had help along the way from the government and other sources.

Basically free market is bullshit and we might as well embrace a mixed system.

>Basically free market is bullshit and we might as well embrace a mixed system.
You were doing so well until here. Boeing is the opposite of a free market corporation. They're an extension of the DoD.

>NOC
They were going to die before they got the bomber contract. The military was freeking out bc it would mean that lockheed would become the sole competitor for a ton of future contracts.

If they didn't get the bomber contract they may have been bailed out.

There has been a huge amount of consolidation in defense and Lockheed is like as big as all other players combined. (aerospace defense contracts). No one is sure if the gov will let Lockheed buy Raytheon or Northrup.

Honestly if the Gov was less corrupt they would do anti trust on these companies especially Lockheed and break them up.

If the gov buys boeing after it becomes insolvent they will probably use the crash as an excuse to clean house and restructure the company. Managerial problems are a lot easier to fix than having shit engineers and backwards tech.

I hate faggots like this. Shill your scam coins in your own damn threads.

>They could get a new CEO and fix all this.
I don't think so, because it's infiltrated all levels of their company culture, and you would have to uproot the all levels of the entire management structure. Plus they just traded their engineer CEO for an accountant.

That was a bit hyperbolic. I think if the these companies are essentially national assets and not free enterprises then the gov should treat them that way and do things like limit the amount of stock buy backs the companies can do.

Right now it's a bit like the down sides are socialized and the upsides are privatized. Look to Germany (or Nazi germany) and China as alternative models on how to do this kind of capitalism.

That's what Tesla is for