Should you buy Boeing stock? (January 2024)

Newsletter subs got this before the open: https://www.3minutebreakdowns.com Boeing stock analysis. Ticker: $BA Boeing stock dropped 13% last week after a 737 MAX 9 flown by Alaska Airlines saw its door plug blow out at 16,000 feet. Three passengers were injured but fortunately, there were no fatalities. Had the plane been a few thousand feet higher, the outcome could have been very different. At the latest share price, Boeing has a market cap of 134 billion dollars. Account for cash, investments and debt and the enterprise value is 171 billion. And based on trailing twelve month figures the stock is now valued at 2.3 times revenue or 37 times free cash flow. The latest incident will have repercussions for Boeing. Passengers on the flight are already suing the company and the MAX 9 fleet has been grounded until further notice. The MAX already had a shaky reputation after two crashes in 2018 and 2019 led to another grounding. That caused significant production delays and Boeing's revenue dropped by almost a quarter. Then the pandemic happened and Boeing took another big hit to its business. #stocks #investing #stockstowatch