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Jun.22
6:47 PM ET
Monday, 22 Jun 2009
Mad Mail: Is Cramer Still Bullish on Boeing?
Posted By:Tom Brennan
Topics:Stock Market | Stock Picks | Mad Mail
Sectors:Aerospace & Defense
Companies:Boeing Co
 |
] 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? --MikeCramer 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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