I was at work here at the office last Monday night when I heard about the Boeing 737 crash at New York's LaGuardia Airport. A nose wheel on the jetliner had apparently given way after a hard touch-down just after 5:30 p.m. (EDT), leading to a crash that injured about eight of the 150 folks on board.
"Uh-oh," I thought to myself. "Here comes another feeding frenzy."
The media have had a feeding frenzy at Boeing's expense ever since the tragedy in San Francisco, then the Dreamliner fire and the 737 crash. All it can talk about is the "continuing woes at Boeing." But don't be fooled, appearances can be deceiving.
I've been bullish on this aerospace giant for a while and even in difficult times, I doubled down. Its recent troubles are a thin veil over some great long-term fundamentals.
And its shares are set to soar...
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Don't Be Fooled by the Media, Boeing is a Buy
Don't Get Suckered by the Boeing Media Frenzy
The grounding last week of the problem-plagued 787 "Dreamliner" fleet by the U.S. Federal Aviation Administration (FAA) and aviation authorities in other countries is turning into a media feeding frenzy - with The Boeing Co. (NYSE: BA) as the main course.
But if anything, you should see this as an opportunity to buy BA.
In fact, as I studied the company and its prospects over the last few days, I saw that many of the key reasons I recommended the stock in the first place continue to hold true ... which is why we still like Boeing today.
Here are seven facts to keep in mind as the Dreamliner saga continues to unfold...
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