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$18.28 0.15 (0.83%)
1/9/2009 4:01 PM

Embraer-Empresa Brasileir de Aero (ADR) (ERJ)

CAPS Rating:
*****

Produces aircraft for commercial, corporate and defense purposes. The Company has obtained, developed and enhanced its engineering and technological capabilities through its own development of products and joint product development with foreign companies.

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Recs

6

Avatar yonnr2000 (93.48) Submitted: 9/04/06 5:07 AM : Outperform Start Price: $38.57 ERJ Score: -20.35

I have a distant relative who is an executive at Boeing. I told him that I just bought some shares of ERJ and I was concerned about competition from Boeing. He told me that ERJ was an excellent pick and that the market for small jets was a totally different market than the larger jets that Boeing makes, and that Boeing has no intention of entering the smaller market. He did offer a warning that Russia and China plan to enter the market for smaller jets in the future and that this could pose a challenge to ERJ. Until Russia and China can produce a competitive jet, ERJ will be flying high.

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