24/7 Wall St. » LMIA

Boeing Suppliers Not Chasing Boeing News (BA, SPR, BEAV, HON, COL, LMIA, TIE, PCP, GE, ETN, PH, BW)

247wallst — Thu, 27 Aug 2009 15:15:25 +0000

This morning’s news out of Being Co. (NYSE: BA) about the 787 Dreamliner setting a maiden flight date before the end of this year and scheduling preliminary deliveries into Q4-2010 is really getting the love put back into Boeing shares. In mid-morning trading the stock is actually up over 7% or $3.50 at $51.32 and it has already seen its average daily volume surpassed. But where this gets interesting is that so many of the key Boeing suppliers for the 787 Dreamliner are trading down. Precision Castparts (NYSE:PCP) and Spirit Aerosystems (NYSE:SPR) are both up significantly with the news and Rockwell Collins (NYSE:COL) is up, but the rest of the lot is either up marginally or is trading lower with the overall market.

Spirit Aerosystems (NYSE:SPR) is the ex-Boeing unit, which makes fuselage parts; its shares are up 7.5% at $15.85.
BE Aerospace (NASDAQ:BEAV) has cabin and seating contracts with Boeing; its shares are up 0.1% at $17.65 on low volume.
Honeywell (NYSE:HON) has the cockpit award; its shares are up 0.25% at $37.21.
Rockwell Collins (NYSE:COL) has information management pacts with Boeing; its stock is up 2.5% at $46.15 but not on active trading volume.
LMI Aerospace (NASDAQ:LMIA) has Boeing as principal customer for structural components, assemblies, and kits; its stock is up 2% at $9.21 but on very thin trading volume.
Titanium Metals (NYSE:TIE) has long-term Boeing titanium/metals supply pacts; is down some 0.6% at $8.01.
Precision Castparts (NYSE:PCP) manufactures aerospace structural castings, aerospace airfoil castings, industrial gas turbine castings; this winner is up 7.7% at $93.50 on the news.

General Electric Co. (NYSE: GE) is too diversified to be a single news reaction-event stock has engine exposure here with the GEnx, but its stock is down 0.8% at $14.00 along with the broader market. Elsewhere…. Eaton Corp. (NYSE: ETN) is down 1.6% at $54.47, Parker Hannifin Corp. (NYSE: PH) is down 1.4% at $49.07, and Brush Engineered Materials (NYSE: BW) is down over 4% at $22.15.

The DJIA, which Boeing is a component of, is down some 77 points at around 9,465….. Boeing is currently only one of 2 of the 30 DJIA components up late this morning. If it were not for this rise in Boeing, the DJIA would be down closer to triple-digits.

JON C. OGG
August 27, 2009

Posted in Aerospace, Trading Alert, Transports Tagged: BA, BEAV, BW, COL, ETN, GE, HON, LMIA, PCP, PH, SPR, TIE

Suppliers Feel More Boeing 787 Delays (BA, SPR, BEAV, HON, COL, LMIA, TIE, PCP)

247wallst — Tue, 15 Jan 2008 15:05:06 +0000

The Wall Street Journal has announced that there may be (actually it says "near announcing") some new delays out of Boeing (NYSE: BA) on its 787 Dreamiliner. We first noted that the Boeing suppliers were likely to be under pressure back on OCTOBER 10, 2007 on word of the first real delays in the Dreamliner.

Here is a snapshot of some of the many suppliers for Boeing, with some price comparisons:

Spirit Aerosystems (NYSE:SPR) is the ex-Boeing unit, which makes fuselage parts: stock price on October 10 after the first Boeing delay: $36.50. Share price today: $26.12 (-7%).
BE Aerospace (NASDAQ:BEAV) has cabin and seating contracts with Boeing; Stock price on October 10 after the first Boeing delay: $43.30. Share price today: $40.10 (-3%).
Honeywell (NYSE:HON) has the cockpit award; Stock price on October 10 after the first Boeing delay: $60.00. Share price today: $56.69 (-1.9%).
Rockwell Collins (NYSE:COL) has information management pacts with Boeing; Stock price on October 10 after the first Boeing delay: $73.35. Share price today: $65.10 (-2.4%).
LMI Aerospace (NASDAQ:LMIA) has Boeing as principal customer for structural components, assemblies, and kits; Stock price on October 10 after the first Boeing delay: $27.65. Share price today: $22.97 (-1%).
Titanium Metals (NYSE:TIE) has long-term Boeing titanium/metals supply pacts; Stock price on October 10 after the first Boeing delay: $33.29. Share price today: $23.45 (-4.7%).
Precision Castparts (NYSE:PCP) manufactures aerospace structural castings, aerospace airfoil castings, industrial gas turbine castings; Stock price on October 10 after the first Boeing delay: $146.75. Share price today: $118.64 (-4.7%).

Shares of Boeing had been down in a weak market today, but shares rolled over on this announcement and are now down almost 3% to $79.27. Its 52-week trading range is $77.81 to $107.83, and it closed at $98.33 back on October 10, 2007 when the first real delay came about. The bulls look like they are going to have to hope the company refutes that delays will be anything significant. Imagine if things get bad enough that some airlines start actually canceling or trimming orders.

Jon C. Ogg
January 15, 2008

Boeing Design Partners Getting Whacked (SPR, BEAV, HON, COL, LMIA, TIE, PCP)

247wallst — Wed, 10 Oct 2007 12:13:11 +0000

Shares of Boeing (NYSE:BA) are getting hit hard after the jet-maker and aerospace giant finally came clean about the delay of the Dreamliners. The DJIA component is down 3% on the day and it has pulled the price-weighted DJIA down a bit more with it. We have covered this wondering about the first flight delays having a cascading effect, but if you look at Boeing’s aerospace partners on the Dreamliner you will see that they are all being hit (and some even harder than Boeing):

Spirit Aerosystems (NYSE:SPR) is the ex-Boeing unit, which makes fuselage parts, shares down 4.8% to $36.50.
BE Aerospace (NASDAQ:BEAV) has cabin and seating contracts with Boeing, shares down almost 4% at $43.30.
Honeywell (NYSE:HON) has the cockpit award, shares down 2% at $60.00.
Rockwell Collins (NYSE:COL) has information management pacts with Boeing, shares down 3.3% at $73.35.
LMI Aerospace (NASDAQ:LMIA) has Boeing as principal customer for structural components, assemblies, and kits, shares down 3.5% at $27.65.
Titanium Metals (NYSE:TIE) has long-term Boeing titanium/metals supply pacts; shares down 1.7% at $33.29.
Precision Castparts (NYSE:PCP) manufactures aerospace structural castings, aerospace airfoil castings, industrial gas turbine castings, shares down 3.4% at $146.75.

There are other stocks that will be affected and impacted by this, but now the game is to figure out which of these companies will have to preannounce that the Dreamliner delay will hurt their earnings for one to two quarters out.

Jon C. Ogg
October 10, 2007

Jon Ogg produces the Special Situation Investing Newsletter and does not own securities in the companies he covers.

Yesterday’s After-Hours Movers (May 9, 2007)

247wallst — Wed, 09 May 2007 04:21:46 +0000

Stock Tickers: MDRX, CSCO, CCRT, ERTS, LMIA, PAL, PZZA, FACE, SIRI, SONS, TRLG, DIS

Allscripst Healthcare Solutions (MDRX) is trading down over 6% to$25.25 after eraffirming targets after earnings. Its shares are stillup 70% in 18 months, so reaffirming may not be enough.

Cisco Systems (CSCO) trading down 5.5% to $26.75 after estimates and guidance failed on a "wow-factor" like in prior quarters.

CompuCredit (CCRT) is getting shelled 8% in after-hours to $35.00after posting a loss in the quarter. It still sees $4.00 or higher EPSfor 2007, but you have to trust them, and their customers are the"undesireables" compared to most financial institutions.

Electronic Arts (ERTS) trading down close to 3% at $51.50 after nextquarter guidance is not up to snuff. The full year for fiscalMarch-2008 looks ahead, but you have to trust they will deliver in thesame two quarters that Halo 3 and Grand Theft Auto releases will becoming.

LMI Aerospace (LMIA) fell 9% on thin volume after posting lower earnings.

North American Palladium (PAL) rose 9% to $11.11 after Cramer toutedit as a stealthy way to speculate on a nickel play with 22% of itsrevenues coming from nickel.

Papa John’s International (PZZA) traded up 2.2% to $32.50 inafter-hours. Earnings wer elower than last year but guidance had beenbrought in enough that they were able to raise their outlook.

Physicians Formula (FACE) fell nearly 10% after beating guidance but guiding lower for the coming quarter.

Sirius Satellite Radio (SIRI) traded up 1.7% after Cramer noted itin the lightning round as a positive if the governemnt will approve themerger.

Sonus Networks (SONS) traded up 5.7% in normal trading and went upanother 2% in after-hours to $7.95. Revenues looked a bit light, sothis one is worth a look.

True Religion Apparel (TRLG) traded up almost 4% to $16.27 afterclosing up 3.5% in normal trading. The company did reiterate 20% salesgrowth for 2007 and put EPS at $1.24 to $1.27 for 2007.

Walt Disney (DIS) fell 2% after meeting expectations, but that’safter trading up almost 1.4% in regular trading. Shares were close torecent highs.

Jon C. Ogg
May 9, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in any of the companies he covers.

After-Hours Movers & Shakers (May 8, 2007)

247wallst — Tue, 08 May 2007 18:15:46 +0000

Stock Tickers: MDRX, CSCO, CCRT, ERTS, LMIA, PAL, PZZA, FACE, SIRI, SONS, TRLG, DIS

Allscripst Healthcare Solutions (MDRX) is trading down over 6% to $25.25 after eraffirming targets after earnings. Its shares are still up 70% in 18 months, so reaffirming may not be enough.

Cisco Systems (CSCO) trading down 5.5% to $26.75 after estimates and guidance failed on a "wow-factor" like in prior quarters.

CompuCredit (CCRT) is getting shelled 8% in after-hours to $35.00 after posting a loss in the quarter. It still sees $4.00 or higher EPS for 2007, but you have to trust them, and their customers are the "undesireables" compared to most financial institutions.

Electronic Arts (ERTS) trading down close to 3% at $51.50 after next quarter guidance is not up to snuff. The full year for fiscal March-2008 looks ahead, but you have to trust they will deliver in the same two quarters that Halo 3 and Grand Theft Auto releases will be coming.

LMI Aerospace (LMIA) fell 9% on thin volume after posting lower earnings.

North American Palladium (PAL) rose 9% to $11.11 after Cramer touted it as a stealthy way to speculate on a nickel play with 22% of its revenues coming from nickel.

Papa John’s International (PZZA) traded up 2.2% to $32.50 in after-hours. Earnings wer elower than last year but guidance had been brought in enough that they were able to raise their outlook.

Physicians Formula (FACE) fell nearly 10% after beating guidance but guiding lower for the coming quarter.

Sirius Satellite Radio (SIRI) traded up 1.7% after Cramer noted it in the lightning round as a positive if the governemnt will approve the merger.

Sonus Networks (SONS) traded up 5.7% in normal trading and went up another 2% in after-hours to $7.95. Revenues looked a bit light, so this one is worth a look.

True Religion Apparel (TRLG) traded up almost 4% to $16.27 after closing up 3.5% in normal trading. The company did reiterate 20% sales growth for 2007 and put EPS at $1.24 to $1.27 for 2007.

Walt Disney (DIS) fell 2% after meeting expectations, but that’s after trading up almost 1.4% in regular trading. Shares were close to recent highs.

Jon C. Ogg
May 8, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in any of the companies he covers.