stock market was up today...

#9,788
#9,788
Rasputin_Vol said:
Anymore BA updates?
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Yeah, they still haven't designed a good airplane in 30 years.

Down $12 today so far. $150/share. Personally I think it's hot garbage. All the major airlines are taking this opportunity to shrink, and there is going to be a glut of airplanes on the market. I don't know how they are gonna sell anything going forward. But I could be wrong.
 
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#9,789
#9,789
SpaceCoastVol said:
Yeah, they still haven't designed a good airplane in 30 years.

Down $12 today so far. $150/share. Personally I think it's hot garbage. All the major airlines are taking this opportunity to shrink, and there is going to be a glut of airplanes on the market. I don't know how they are gonna sell anything going forward. But I could be wrong.
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That's what I've been saying. That bump last week was probably an anomaly. Even before coronavirus, that stock was taking a dive. The fundamentals of that company haven't changed for the better in two weeks.
 
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#9,792
#9,792
VolStrom said:
Yeah, you should see the concentric spiral of a once great company circling the drain as it goes out of control.
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I don't think it will go into bankruptcy. If it gets close to $100 I'll maybe buy in. Duopoly in commercial airlines. Airline stimulus packages. A defense contractor in the Dow 30. Probably will secure a lot of Space Force contracts. They can change misfiring management pretty easily.
 
#9,793
#9,793
Thunder Good-Oil said:
I don't think it will go into bankruptcy. If it gets close to $100 I'll maybe buy in. Duopoly in commercial airlines. Airline stimulus packages. A defense contractor in the Dow 30. Probably will secure a lot of Space Force contracts. They can change misfiring management pretty easily.
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Where are they going to get the managers to replace the ones that need to be let go?

In other words, if you don't get a group of competent engineers that have an understanding of aerospace industry, then it is just a waste of time. And if you pull from the ranks, that leaves a void in the engineering workforce.
 
#9,794
#9,794
Rasputin_Vol said:
Where are they going to get the managers to replace the ones that need to be let go?

In other words, if you don't get a group of competent engineers that have an understanding of aerospace industry, then it is just a waste of time. And if you pull from the ranks, that leaves a void in the engineering workforce.
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I think Josh Dobbs has some free time.
 
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#9,796
#9,796
Rasputin_Vol said:
Where are they going to get the managers to replace the ones that need to be let go?

In other words, if you don't get a group of competent engineers that have an understanding of aerospace industry, then it is just a waste of time. And if you pull from the ranks, that leaves a void in the engineering workforce.
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It’s not a necessity to be educated in the field of the company you are running. Steve Jobs was a college dropout that took LSD and studied Buddhism. That is an extreme example, but my point is you can pull in outside talent, or a non-engineer with sufficient talent and background understanding to run a company at strategic level.

But I do agree it certainly helps to have that background. An engineer running an engineering company and a marketing graduate running a marketing company definitely helps.
 
#9,799
#9,799
rjd970 said:
It’s not a necessity to be educated in the field of the company you are running. Steve Jobs was a college dropout that took LSD and studied Buddhism. That is an extreme example, but my point is you can pull in outside talent, or a non-engineer with sufficient talent and background understanding to run a company at strategic level.

But I do agree it certainly helps to have that background. An engineer running an engineering company and a marketing graduate running a marketing company definitely helps.
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I think we have 30-40 years of history showing us that this is not the most successful way of doing business. You have to have people in management/leadership that understands the business and is familiar with the core competencies. Bringing in an English Lit major to run a computer hardware company or bringing in a lawyer to run an aerospace company is not a good practice.
 
#9,800
#9,800
Thunder Good-Oil said:
What's up with your sick hatred of Boeing?
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They were lazy in their development of the 737Max and lives were lost as a result. Not only that, but that caused them to ground a plane and all orders for over a year now. Had they let the engineers actually engineer the plane and not have the designers handcuffed by bean counters or people from outside of the industry calling the shots, the 737Max would probably have been a success.

I'm not just picking on Boeing, because there are PLENTY of other examples right here in America that have followed this flawed model of not developing talent from the inside and pushing it up the management chain. Instead, these companies figure they ca just plug a vacancy in any company with a good manager, not matter their background. That may fly if you're just making crackers at Nabisco or somewhere. But if you are transporting people in your product or putting peoples lives in jeopardy, you need to have competent supervision running things.
 
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