Thursday, August 27, 2009

DJIA up thanks to Boeing (BA)

AlphaNinja - Boeing (BA) shares comprise 3% of the Dow Jones Industrial Average, and are up 9% today -->> responsible for the entire 28basis point move in the index.

Boeing said its 787 Dreamliner will be ready for a test flight by the end of the year, and the market received the news well.

Expected 2009 Free Cash Flow of about $3.2billion indicates an FCFY (Free Cash Flow Yield) of 10% -->> a pretty decent return compared to money markets and other piddly yields.

Let's hope the delays are done, as Boeing does not need any more negative news.

Gulf Air, losing $1million per day, is "reviewing" its order plans.

Air Berlin says it may cancel its order for 25 Boeing 787s. Delays in the program are “everything but satisfactory,” CFO Ulf Huettmeyer says. “It’s no fun anymore.”

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