If you own Boeing Co. (NYSE: BA), the last month has clearly been an "intestinally challenging" ride: 10% straight down after two of the company's new 737 Max 8 aircraft crashed in Indonesia and Ethiopia. It's down around 16% from its all-time highs…
The Max 8 fleet is grounded for now; Garuda Indonesia (Persero) Tbk PT (IDX: GIAA) is the first major carrier to cancel its Max 8 orders – $6.9 billion worth – and there's no telling who could follow. It may be a good long while before they can start flying, let alone selling, these planes again. So obviously, Boeing has taken a reputational hit as well.
Unsurprisingly, I've listened to a couple of Boeing investors lamenting their losses in recent weeks.
To them, I'd say: Look, I have no idea how all the investigations will end, or when they will end, but I suspect Boeing survives just fine.
And I have one solid piece of advice for them – and you – and anyone who's ever watched one of their favorite, hard-won stocks tank…
About the Author
Tim Melvin is an unlikely investment expert by any measure. Raised in the "projects" of Baltimore by a single mother, he never attended college and started out as a door-to-door vacuum salesman. But he knew the real money was in the stock market, so he set sights on investing - and by sheer force of determination, he eventually became a financial advisor to millionaires. Today, after 30 years of managing money for some of the wealthiest people in the world, he draws on his experience to help investors find "unreasonably good" bargain stocks, multiply profits, and build their nest eggs. Tim tirelessly works to find overlooked "hidden gems" in the stock market, drawing on the research of legendary investors like Benjamin Graham, Walter Schloss, and Marty Whitman. He has written and lectured extensively on the markets, with work appearing on Benzinga, Real Money, Daily Speculations, and more. He has published several books in the "Little Book of" Investment Series and a "Junior Chamber Course" geared towards young adults that teaches Graham's principles and techniques to a new generation of investors. Today, he serves as the Special Situations Strategist at Money Morning and the editor of "Max Wealth" and Heatseekers.