Boeing (NYSE: BA) calls it the Dreamliner but a name with "nightmare" in it would have been more appropriate. After two major delays, there are now press reports that Boeing will only deliver 45 of the planes next year. The orgininal estimate was 112.
The Dreamliner has become an anchor tied to Boeing’s share price. The stock trades at a 52-week low under $73 after trading at $107.83 last July.
During the middle of last year, Boeing seemed to have the world by the tail. Rival Airbus was late in delivering its new models. All Boeing had to do was stay on course.
That didn’t work out
Douglas A. McIntyre
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