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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Shane M who wrote (5380)	12/4/1998 7:03:00 PM
From: James Clarke	Read Replies (1) \| Respond to of 78763

Boeing's got problems. No question about that. Delving into the intricacies of each and every management problem Boeing has means never buying the stock. But problems get solved somehow. I look at this as a stock I will never sell, and I think it may go lower which is why I bought small at a time when it is testing the previous low. As Peter Lynch would say, you can draw this one with a crayon. Commercial flight is a long term growth story, and there is 5 years of pent up replacement demand laid on top of that. There are two companies that can serve that demand, and it would take a decade and major state sponsorship for a new competitor to enter the business (China? Russia? If Japan was going to enter the business they would have already.) These two companies idiotically gave away this cycle, but they won't make that mistake again. I believe current management will be fired or the company will be taken over at a price in the 50s. The only possible buyer in my view is General Electric.