16 Quotes by Chris Mecray
- Author Chris Mecray
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Singapore is an important airline. It's really the gateway to aircraft sales in Asia. But at end of the day, one company with 10 aircraft is not going to make or break any program.
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- Author Chris Mecray
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My guess is it gets settled without too much time, rather than have them (the company) risk the progress they've made with Wall Street recently.
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Neither of those companies makes a significant portion of their money in the segment. It's a low-margin business. It's not bad business, but it's not going to move the needle more than a big defense contract, (or) maybe even a medium-size defense contract.
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Neither item is good news, so you can't say it's one or another. A plane crashes can always impact the stock, but it's probably not a big problem given the strong safety record of that aircraft.
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Right now, I've recommended Boeing ( BA : Research , Estimates ) for the last couple of months. I did downgrade that about two weeks on the price move. I still think the stocks continue to perform however, although I think the gains will be modest from here in the near term.
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I don't think it would cripple them. Boeing is looking to reduce production. It's a more ideal time for the company to take a strike than for the union to go out on one.
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We look at it on a cash-flow basis. We regard it as pretty fairly valued. But even with this new contract there's no real near-term impact.
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I think it's going to hurt them by around 15-to-20 cents a share, assuming it goes on to the end of the quarter.
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It improves competitiveness overall. The more people that participate, the more powerful it becomes. It clearly benefits the buyers.
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