Boeing was initially published as one of our 7investing Community's New Ideas in November 2024

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Background

The following comes directly from our initial Community recommendation. 7investing's opinions may differ from the person(s) who submitted this community research.

This one was originally brought to my attention on the 7investing Discord. As it can arguably be considered the worst run company since the dawn of the industrial age, Boeing may be the very definition of a “distressed asset.”

They make airliners. Because of this somewhat relaxed attitude toward the more technical aspects of airplane building, the company has been responsible for the deaths of 5.779 people in plane crashes. They’ve received $5 BILLION in fines since 2000. Pled guilty to felony fraud just earlier this year and then stranded two NASA astronauts in space. On the bright side, at least they denied murdering two company whistleblowers who died mysteriously.

Their financials are just as bad, as the company reported a $6 billion loss last quarter and gave their CEO $24 million to go away. Most recently they have been found to be overcharging the Air Force 8,000% for spare parts purchases and are dealing with a machinists strike that is costing the company approximately $50 million a day. Lastly, maybe worst of all, Jim Cramer thinks they are now a buy at around $150 per share. But as one of only two companies in the entire world that can build these big ol’ jet airliners,

Boeing is the ultimate fixer-upper investment.