In recent years, Boeing (NYSE: BA) has found itself in the spotlight for all the wrong reasons. The company has grappled with product quality problems, notably when a panel blew out mid-flight on a 737 Max 9 early in 2024, resulting in the grounding of about 170 planes.
The fallout didn’t stop there. Boeing faced a slew of lawsuits, and an investigation by the Federal Aviation Administration revealed numerous shortcomings in its safety procedures. This tumult has also shaken up the company’s leadership and has contributed to disappointing earnings reports.
Boeing’s financial situation isn’t rosy either. The company hasn’t turned a profit recently, and with an impending strike, profitability seems even more elusive. It’s a tough spot to be in!
If you’re among those who steered clear of Boeing’s stock, it’s understandable. Imagine if you’d invested $10,000 in the company five years ago—that investment would have shrunk to roughly $5,340, marking a staggering decline of around 47%, or about 12% annually.
Typically, we advise our readers that a straightforward, low-cost index fund, particularly one tracking the S&P 500, can be a solid vehicle for building retirement savings. An S&P 500 index fund would have certainly fared better than Boeing’s stock over the past half-decade, nearly doubling in value with average annual gains of approximately 14.5%.
Now, you might be eyeing Boeing as a potential investment, attracted by its reduced price. Or perhaps you’re already a shareholder pondering whether to sell or hold. While there’s no clear-cut answer, consider the factors at play: Boeing faces delays in launching new aircraft, a holdup with NASA’s Project Artemis, a hefty debt burden, and concessions demanded by striking workers—all of which could impact profit margins.
If Boeing still piques your interest, it’s worth delving deeper into its current situation. However, always remember, there’s a wide array of appealing stocks to explore beyond Boeing.
Do you ever feel like you didn’t jump on board with some of the most successful stocks in time? Let me tell you something that might interest you.
Occasionally, our expert team singles out a “Double Down” stock recommendation—companies they predict are ready to surge. If you’re concerned about missing the boat, now might be the time to invest before the window closes. The past results speak volumes:
Take Nvidia: An investment of $1,000 at our 2009 recommendation would now be worth $362,166!*
Or Apple: Had you invested $1,000 in 2008, you’d be looking at $48,344 today!*
And Netflix: A $1,000 investment in 2004 would have grown to $491,537!*
*Values have changed due to appreciation and investment strategies, but one thing is clear: strategic investment can yield significant rewards.
