Is Boeing Ready To Take Off?

The airlines are in trouble – no doubt about that. The airlines operating in the US are facing legacy costs in the form of pensions, rising fuel prices (fuel is 60% of operating costs for airlines), and a weakening consumer. Yes, things are bleak for the airlines of the United States, but I don’t buy the argument that things are as bleak for Boeing (BA). Ever since Goldman Sachs (GS) added BA to their conviction sell list on June 25, the stock has been in freefall – and at $65 I think it’s a darn good bargain.

Boeing is the world’s largest aerospace and defense company (second largest according to some sources). Moreover, Boeing operates in over 90 countries and is American’s largest exporter, according to Wikinvest.com. Boeing gets 50.3 % of its revenue from commercial airplane sales, 48.3% from integrated defense sales, and 1.2% from leasing sma