Is Boeing Worth Taking a Flyer On?
Aviation manufacturer Boeing (NYSE: BA) was a darling of the stock market not too long ago when it traded at more than $400 per share in 2019. The stock has fallen about 50% since then; its 737 MAX airliner was grounded over safety concerns, and COVID-19 punished the air travel industry.
Boeing remains a key supplier in the aviation space, but investors should consider three big reasons for caution before buying the stock.
Boeing's 737 MAX airliner was grounded in 2019 after two fatal crashes due to electrical issues caused the jet to nosedive. The groundings have cost Boeing more than $20 billion in direct costs and lost business, and it's now one of the most expensive disasters in corporate history.
Source Fool.com
