Boeing Warned its at Risk of Being Cut to Junk Grade Rating

    https://www.bloomberg.com/news/articles/2024-09-13/boeing-at-risk-of-being-cut-to-junk-as-strike-hurts-production

    Posted by s1n0d3utscht3k

    15 Comments

    1. > The company’s rating is is now one step above speculative grade known as junk. Moody’s said in a statement that “we will assess the strike’s duration and impact on cash flow and the potential equity capital raising Boeing may undertake to bolster its liquidity.”

      > Speaking just before Moody’s announced its step, Boeing Chief Financial Officer Brian West said Boeing is “working every responsible lever to do what’s right to conserve cash.”

    2. This stock was gaining momentum this morning.

      Those regards who buy stocks where people are striking.

    3. Even if you think the strike was priced in, there’s always gonna be another crisis just around the corner with this company, without serious reform at least. Could easily see it going to 125 if there’s no near-term resolution to the strikes and the rating does get the downgrade. Bearish.

    4. Aggravating-Split855 on

      Fuck yeah. I bought some $390 calls @ .39 each. 1/17/25. Gonna print. Right? That’s how this works, right?

    5. fairlyaveragetrader on

      Maybe the idea is, can’t possibly get worse. People were stuck in space, doors were flying off, workers are striking. So, buy it? 😂

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