A year ago I thought that Boeing (NYSE:BA)
looked undervalued and ready to outperform as investors bought in to
the company's considerable commercial ramp. Since then, the stock is up
about 20% and although worries about batteries on the 787 did create
some headaches, the company remains in good shape with respect to its
market share and backlog. I still believe that Boeing should sport a
triple-digit stock price and though I won't ignore the risks of a major
macroeconomic slowdown, I think the biggest concerns for Boeing are now
reaching cost/profit targets and how to use the considerable sums of
cash it will generate.
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