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Boeing shares fall as company debates cutting or halting 737 Max production

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“I genuinely believe that Boeing’s going to come out of this. It’s just a matter of time.” MadMoneyOnCNBC's JimCramer says he thinks Boeing’s stock will fall even farther as 737 Max grounding wears on.

shares fell Monday as the company is expected to soon decide whether to further cut or suspend production of the 737 Max as the timeline for the beleaguered plane's return to service slips into 2020.of the planes again or suspend its production line if the flight ban drags on longer than it expected. Boeing CEO Dennis Muilenburg has said that suspending output altogether could be "more efficient" than lowering output again.

"We continue to work closely with the FAA and global regulators towards certification and the safe return to service of the Max," Boeing said in a statement Sunday night to CNBC. "We will continue to assess production decisions based on the timing and conditions of return to service, which will be based on regulatory approvals and may vary by jurisdiction."by 20% from 52 to 42 aircraft a month in the wake of a second fatal crash of the best-selling plane within five months.

 

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MadMoneyOnCNBC jimcramer $BA is still a great business from the financial perspective. It has a healthy cash flow and strong balance sheet. Buy it on weakness. I still have a long position on $BA. The further it plunges, more opportunities for value investors to buy shares at a discount.

MadMoneyOnCNBC jimcramer Mistakes have consequences. Nothing new.

MadMoneyOnCNBC jimcramer Is there anyone on the planet that thinks Boeing won’t survive this? Why would this even need to be said?

MadMoneyOnCNBC jimcramer This will crash the market bull run. It’s huge. Just can’t believe this flaw wasn’t discovered in design and testing. This is basically like a Chess Grandmaster losing to beginning player. When they do testing again it’s like a GM they are 12 moves ahead.

MadMoneyOnCNBC jimcramer Wow.... u actually still believe. Would you fly in one today?

MadMoneyOnCNBC jimcramer No way alot of us will never fly on those things. Ever

MadMoneyOnCNBC jimcramer how is that sir

MadMoneyOnCNBC jimcramer BA puts. got it

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Boeing considers halting production of 737 Max over grounding: report - Business InsiderThe decision could be announced by Boeing as soon as Monday, according to The Wall Street Journal, which cited sources familiar with the matter.
Source: BusinessInsider - 🏆 729. / 51 Read more »