Mad Mail: Is Cramer Still Bullish on Boeing?
Jim: You were pretty upbeat on Boeing prior to the Paris Air Show. It seems Airbus either sandbagged for the show, or Boeing is losing significant orders to them. In either case, the catalyst of the show is gone and the 787 hasn't flown. Are you still bullish on Boeing in the long run? Is there still an upside trade in the short run? --Mike
Cramer says: “…I thought for certain they were going to be ready with this. I mean, it is a major national embarrassment. I believe the aerospace cycle is very much on. The entry point that I suggested at $51 did not work…It should have been right now. That plane will fly. I am not concerned about order degradation. The cycle’s big, but, man, I got pantsed. I really thought that Boeing was going to be ready...I got it wrong.”
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