Boeing stock (BA) buy the dip or stay away?

Boeing (symbol BA) is doing great as a company. They filed their 10-K in February and the results for 2018 are simply stunning. Revenues and earnings are up, profit margin is up. The company also has a track record of 77 years of uninterrupted dividend. (What have you done consistently every quarter for the last 77 years?). Not only were the results great, but the commands and therefore future revenues were also up.

Boeing is the largest plane maker in the world, and probably also the best. So what happened with the two 737 crashes this year?

There will obviously be a lot of investigation on this tragedy, and I am not an expert on it. Unfortunately plane crashes happen regularly. If the investigation reveal that the planes are faulty it could be disastrous for the stock.

Let’s take a long term view. In the worst case, it will hurt Boeing in the next couple years, but I trust the company will take the right steps, should there be any issue with the planes themselves. Also, at that point it is just speculation, and people are afraid, but if I had to guess, I would think the planes are safe, ie, I would get in the plane without sweating it if it was a Boeing 737 max 8.

CEO Mullenberg joined Boeing in 1985. I think he saw a fair amount of crisis during that time period, and that he will take the…