With the MAX and the 777-X commercially halted and the 747 almost halted, the only thing they have in business is the 787. I wonder how much capital cushion they have before this leads to curtains.
According to one Investment Banker, Verbal doesn't have to worry:
Wall Street's biggest Boeing bull breaks down why the 737 Max fiasco has created a great buying opportunity
"Our top pick remains Boeing as we believe the 737 Max pause creates a buying opportunity while the aerospace cycle is steady," Morgan Stanley analysts wrote in a Monday note. The combination of an "A-rated" balance sheet, attractive valuation, and the progress of Max upgrades has kept the firm positive on Boeing shares.
The company has a A2 credit rating, which the analysts say gives them the ability to raise more debt capital if necessary. Year to date, the company has raised more than $10 billion in debt while noting unused credit of more than $6 billion, the firm said.
After the 737 MAX is returned to flight, Morgan Stanley believes that demand for the airplane will return to normal — something supported by the company's backlog. This will help Boeing return to growing earnings between 10% and 15% each year, analysts said.
https://markets.businessinsider.com/new ... 1028513872