For a long time now, I have suspected that companies that have repeated “extraordinary” charges, are using the charges to cover up fundamental weakness in their operations.
Boeing Stock Fall After Q4 Miss, Charges On 787, KC-46 Programs
Boeing reported a loss of $7.69 per share as revenue fell 3% to $14.79 billion. FactSet analysts saw a loss of 36 cents per share on revenue of $16.54 billion.
The loss was largely due to Boeing taking a $3.5 billion pre-tax non-cash charge on the 787 Dreamliner program.
Recall, the repeated charges in the 78 program, which should have matured years ago, are due to Welchist cost cutting, resulting in unacceptable quality issues.
Equity has “improved” to only a negative $15B./sarcasm