Boeing (NYSE: BA) calls it the Dreamliner but a name with "nightmare" in it would have been more appropriate. After two major delays, there are now press reports that Boeing will only deliver 45 of the planes next year. The orgininal estimate was 112.
The Dreamliner has become an anchor tied to Boeing’s share price. The stock trades at a 52-week low under $73 after trading at $107.83 last July.
During the middle of last year, Boeing seemed to have the world by the tail. Rival Airbus was late in delivering its new models. All Boeing had to do was stay on course.
That didn’t work out
Douglas A. McIntyre
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.