BA - Boeing's Stock Price Just Plunged. Is Now the Time to Invest?
2024-06-01 04:02:00 ET
It's always interesting when a high-level stock like Boeing (NYSE: BA) slumps because the market often overreacts, creating a good buying opportunity. However, there's no guarantee that what goes down must come up again. Here's a look at why the stock fell and what it means for investors.
CFO Brian West's presentation at the Wolfe Research Global Transportation & Industrials Conference wasn't what investors wanted to hear. I'll start with the headlines and then the context around them.
While West didn't put a figure on the expected cash outflow in 2024, he did say he expected this year to be "a use versus generation of cash flow," with a large cash outflow in the first half leading to cash generation in the second half as deliveries improve.
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Boeing's Stock Price Just Plunged. Is Now the Time to Invest?