Why Boeing Is a Stock to Avoid
With the expected deployment of coronavirus vaccines in the early stages, the global travel industry is knocking on the door of the beginnings of a recovery. Yet Boeing (NYSE: BA) shares are still down more than 30% from their 2020 highs, and almost 50% below the all-time high, reached prior to the accidents involving its 737 MAX jets.
The 737 MAX has now returned to service, and air travel is set to return to normal, possibly within the next six months. Does this represent an opportunity for investors to buy?
On the Dec. 4 edition of "The Wrap" on Motley Fool Live, host Jason Hall discusses Boeing with Motley Fool Bureau Chief Nick Sciple, including the ongoing issues within the company that have impacted its business over the past year and could have a lasting affect. They also discuss the likelihood that Boeing will be one of the last companies to benefit from an air travel recovery, as the coronavirus pandemic has shifted the industry's growth prospects many years further into the future.
Source Fool.com
