While they won't admit it, the primary driver of lower procurement costs will be by lowering prices out there, increasing competition through versus auctions.
More Quotes from 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
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
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
It improves competitiveness overall. The more people that participate, the more powerful it becomes. It clearly benefits the buyers.
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
Singapore is an important airline. It's really the gateway to aircraft sales in Asia. But at end of the day, one company with 10 aircraft is not going to make or break any program.
Chris Mecray
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