Boeing, Still No Bid
An update to our previous estimate. At current, it looks like there is no bounce for BA. We are exceeding a 70% decline since the start of the #Covid19 outbreak and a near-80% decline since the engine defect back in early 2019.
At some point, I'd expect an asset backing to come into place - i.e. equity relief, or cash injection/short term maturity bonds.
At some point, I'd expect an asset backing to come into place - i.e. equity relief, or cash injection/short term maturity bonds.
Pierce Crosby
GM, Americas @ TradingView
GM, Americas @ TradingView
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