Neither item is good news, so you can't say it's one or another. A plane crashes can always impact the stock, but it's probably not a big problem given the strong safety record of that aircraft.
More Quotes from 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
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
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.
Chris Mecray
The money's coming from both side of the business. You have commercial aerospace with explosive growth. The commercial aircraft orders have been exceptionally strong over the course of the summer and also on the defense side of the business where government budgets have been picking up in the last couple of years and are not expected to continue to pick up through the next administration.
Chris Mecray
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