A Low-Risk Options Play for Boeing Bulls

6/5 - "After processing the latest news, 2008 and 2009 estimates now center around $5.96 and $6.80 meaning BA shares are trading at just 13.1 times this year's and 11.5x 2009 projections. Value Line sees 3- 5 year EPS of $9.00 once the new Dreamliner aircraft is fully in delivery mode...Value Line sees a long term multiple of 15 as typical. I think that's reasonable for Boeing based on sustainable earnings power...Fifteen times this year's estimate of $5.96 would bring BA shares back to $89.40 by year end and to $102 by December 2009."

"Value Line rates Boeing's financial strength at 'A++' and gives them a #1 rating [their highest] for Safety. Government subsidized Airbus is the only true competitor large enough to ever threaten Boeing's place in the commercial airline business. There clearly seems to be room for both, yet huge barriers to entry for any new produc...