First time around they were talking about charges that were purely restructuring, and now about half are operating charges. It indicates some severe problems that are creating a completely different picture at the company than we had been led to believe. It calls into question what's going to happen in following years.
More Quotes from Chris Mecray:
Right now, I've recommended Boeing ( BA Research , Estimates ) for the last couple of months. I did downgrade that about two weeks on the price move. I still think the stocks continue to perform however, although I think the gains will be modest from here in the near term.Chris Mecray
It improves competitiveness overall. The more people that participate, the more powerful it becomes. It clearly benefits the buyers.
Chris Mecray
They have still issues with demand on a couple of key areas of their business including the space launch side, the satellite manufacturing side and demand for some of their defense transport products. I'm heading over to an investor conference this morning where I expect them to talk about the turnaround in progress. They will focus on the increasing cash flows and I think we'll get a chance to ask them about some of those strategic issues.
Chris Mecray
I think they've got their head in the sand, failing to recognize their market share is deteriorating and will continue to deteriorate much faster than they or anyone else anticipated a few years ago.
Chris Mecray
My guess is it gets settled without too much time, rather than have them (the company) risk the progress they've made with Wall Street recently.
Chris Mecray
Readers Who Like This Quotation Also Like:
Based on Topics: Belief & Faith QuotesI played the organ when I went to military school, when I was 10. They had a huge organ, the second-largest pipe organ in New York State. I loved all the buttons and the gadgets. I've always been a gadget man.
Stephen Sondheim
Where liberty dies, evil grows.
Hamid Karzai
Always point your finger at the chest of the person with whom you are being photographed. You will appear dynamic. And no photo editor can crop you from the picture.
Ken Auletta