2024-03-17 03:18:21 ET
Summary
- After the Alaska Airlines door plug blowout in January, Spirit AeroSystems’ stock price has been under pressure.
- In early March, Boeing confirmed that they have been in discussions with Spirit about a possible acquisition which is baked into the current market value as the stock price increased.
- At the current valuation, I do not believe Spirit offers enough upside to justify the risk presented by the current quality issues and financial condition of the company.
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Spirit AeroSystems: Why I'm Not A Buyer At The Current Price