2024-04-24 17:32:51 ET
Summary
- The Boeing Company's shares have fallen to new lows following the release of the first quarter results.
- The company continues to face challenges, including product quality issues and the financial consequences of a shareholder value-focused strategy, yielding a huge negative free cash flow number.
- Despite a large backlog, Boeing is still incurring losses and faces significant challenges in the near future.
Shares of The Boeing Company ( BA ) have fallen to fresh lows following the release of the first quarter results , after initial optimism faded quickly. This does not surprise me at all, as I concluded that challenges were continuing and in fact deepening in mid-January....
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Boeing: All About The Cash Burn