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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Joey Two-Cents who wrote (15909)12/2/1998 11:53:00 AM
From: Greg Jung  Read Replies (1) | Respond to of 18691
 
Actually, last year Asia had minimal impact. It was all Boeing's fault. When was the last time Boeing, the core aircraft Co., restructured? They have been fat with contracts and backlog and now stumble as they leave the cafe'.

Greg



To: Joey Two-Cents who wrote (15909)12/2/1998 2:01:00 PM
From: BelowTheCrowd  Respond to of 18691
 
Yup,

Last year Boeing made it out to be a good thing. Said they had more orders than they could realistically keep up with, and that the production reductions due to Asia would actually HELP them keep up without needing to spend more.

Whoops! Now it looks like they've got too much of a good thing. They actually have to scale production back.

This should have been anticipated just from the recent airline financials...

mg


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