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If you own Boeing Co., the last month has clearly been an "intestinally challenging" ride: 10% straight down after two of the company's new 747 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 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…