HN.zip

Boeing to Sell at Least $10B in Shares to Plug Cash Drain

26 points by bookofjoe - 17 comments
xracy [3 hidden]5 mins ago
Gosh, would be real cool if they hadn't bought all those shares, and just had the cash on hand to help... I don't know... invest in engineering and making planes fly with doors on them.
epicureanideal [3 hidden]5 mins ago
That would require thinking more than 1 quarter ahead, and their leadership clearly doesn’t have that many context tokens.
ajhurliman [3 hidden]5 mins ago
I honestly think their leadership could be replaced with an LLM at this point.
epicureanideal [3 hidden]5 mins ago
The only question I have is, if I buy this garbage, will the government bail me out and then some, and make it profitable to buy stock in this incredibly poorly led company?
bityard [3 hidden]5 mins ago
No. Ask anyone who owned GM stock at the start of the great recession.
paulpauper [3 hidden]5 mins ago
Exactly. A bailout means the underlying business is restructured or wound-down; shareholders, bond holders typically get zip
petesergeant [3 hidden]5 mins ago
An excellent point. Anyone who held common stock of GM pre-bailout saw that stock fall to zero
bombcar [3 hidden]5 mins ago
From my experience, the only real way to make money on that kind of thing is either own metric shittons of the stock, or be paid big money by the company whilst all the shenanigans are going on.
chromatin [3 hidden]5 mins ago
Came here to ask the same question.

My intuition is yes -- Boeing is America's last / only major commercial aviation jet mfr. -- and I don't think Uncle Sam will let them fail. Economically, I disagree with such a policy, but there's no reason I shouldn't profit from it.

paulpauper [3 hidden]5 mins ago
It's hard to believe that despite all the bad news and scandal, the stock is higher than it was in 2015 and is in the same 100-200 dollar range.
game_the0ry [3 hidden]5 mins ago
Not a bad move considering Dow and S&P are at all time highs.
metalliqaz [3 hidden]5 mins ago
but Boeing's stock is down

and selling $10B in shares will drive it down further

paulpauper [3 hidden]5 mins ago
It is already priced in and the stock is clearly not lower. Selling stock to raise capital is possibly good news compared to alternatives
sidewndr46 [3 hidden]5 mins ago
so? you just reverse stock split until your stock price is back to normal.
petesergeant [3 hidden]5 mins ago
Any company that’s too important to fail needs to be split into smaller pieces
master_crab [3 hidden]5 mins ago
Boeing: “We buy high and sell low.”