Originally Posted by
patentcad
Do you know why I own Boeing stock? Here's why. With all the interminable delays on 787 production, they still have a backlog of something like 800 orders for the plane. There have been very few cancellations. Why aren't the customers canceling their orders to sign up with the competition? Because there is no competition for this product, even with a 3 year delay.
When Boeing straightens out the production woes (and they will) and the planes start rolling off the assembly line, BA goes straight to $100/share.
Probably will in the short run, but keep an eye on 'upstarts' Bombardier and Embraer; both are in the process of developing jets to compete with the Boeing 737 and Airbus 320, the current workhorses of the commercial aviation industry. Both have regional jets with solid track records, so I wouldn't be surprised if they produce a viable competitor to the 737/320 duopoly in the near future. That's sure to temper Boeing's (and Airbus') overall profit margins.