The stock’s performance suggests that investors believe Boeing will get the mess figured out and also that they realize airlines have few options beyond waiting for the fix and then taking delivery of the 787s they’ve ordered. Airbus isn’t close to delivering its similar, fuel-efficient wide-body. And doing without new planes would hamper airline operations. It’s a remarkable position of strength, and one few customers would want to find themselves on the other side of. With a PE ratio of about 15 and a dividend yield of 2.6%, Boeing isn't cheap but the support for the stock, even in the face of such an embarrassing setback, is amazing.
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