Boeing's over 9 billion dollars award should boost airline sector
This is postive for airline, AER and FLY news are extremely positive for leasing companies...however, the broader market still beats them down to dust. don't ask me why but it could be the financial jitteries...something not going to go away for years to come. I am not sure what good news these stocks need to go up. I am long on this stock and have taken a huge loss so far. Keeping tight still.
Aye, I agree it should. But it will not in the short run because of problems in the financial sector... I'm afraid I was right about FNM and FRE not being "done" yet. It looks like the feds are planning on extending an even larger credit line to them.
At some point my cynical nature kicks in... the more the gov't gets involved the more they screw up. I'm afraid for the financial sector's multi-year outlook at this point with all the tinkering the populists are about to get involved in.
At any rate, today's move was not on the boeing news but instead appears to be based on financial news. It appears to be across the whole aircraft leasing sector. That gives me comfort as that sector is not going away :)
It looks like this is a divi reinvestment opportunity.