Boeing should be a good Long-term Investment
I think the market's reaction to Boeing (NYSE: BA) has been unfair. Granted that Boeing like EADS has encountered some supply chain issues that have caused delays in the delivery of planes. Lets be honest those two companies are the only game in town when it comes to large commerical jets. Out of the two, I believe Boeing has taken the wise approach of building a more fuel efficent 787 plane instead of the gigantic Airbus 380 that would require changes to runways at many of the airports in Asia. Additionally, Boeing also has a major role in the Defense industry. With the opening of the bidding process for KC Tanker once again, Boeing is in a good position to land a multi-billion dollar contract. In a way I am glad that Boeing is now down to near $63. It represents a great buying opportunity for me.