I don't think it would cripple them. Boeing is looking to reduce production. It's a more ideal time for the company to take a strike than for the union to go out on one.
More Quotes from Chris Mecray:
It improves competitiveness overall. The more people that participate, the more powerful it becomes. It clearly benefits the buyers.Chris Mecray
I don't think there's a whole lot at stake. The Republicans are clearly more vocal about supporting defense, more vocal about specific issues. But there's no reason to assume the Democrats are bad for defense. It's not supported by hard facts.
Chris Mecray
They have still issues with demand on a couple of key areas of their business including the space launch side, the satellite manufacturing side and demand for some of their defense transport products. I'm heading over to an investor conference this morning where I expect them to talk about the turnaround in progress. They will focus on the increasing cash flows and I think we'll get a chance to ask them about some of those strategic issues.
Chris Mecray
Right now, I've recommended Boeing ( BA Research , Estimates ) for the last couple of months. I did downgrade that about two weeks on the price move. I still think the stocks continue to perform however, although I think the gains will be modest from here in the near term.
Chris Mecray
I think it's going to hurt them by around 15-to-20 cents a share, assuming it goes on to the end of the quarter.
Chris Mecray
While they won't admit it, the primary driver of lower procurement costs will be by lowering prices out there, increasing competition through versus auctions.
Chris Mecray
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