Been looking too. Ran too much now. Could see a some asset sales which could accelerate deleveraging . Fcf expectations have always seemed aggressive to me.
Sounds like they won't sell off any entire divisions but would love to see a separation of the parts distribution business (used to own shares of KLX which BA acquired years ago)
If we weren't in the midst of such a strong rally, this thing could/should be getting clobbered (just issued $24bn equity without much selling pressure)... likely would have made the turnaround more interesting.
Would be curious to hear some parallels to other big blue chip turnarounds and what made those successful... hmm...
Nah, I haven't bought any... but it's up there on my watchlist...
Median P/E for this thing is ~16x during post-GFC / pre-COVID timeframe so 2018 net income ($10.5bn) at 16x = ~$225/share... maybe that's a 3-4 year journey? I haven't done enough work to put odds on it.
Been looking too. Ran too much now. Could see a some asset sales which could accelerate deleveraging . Fcf expectations have always seemed aggressive to me.
Sounds like they won't sell off any entire divisions but would love to see a separation of the parts distribution business (used to own shares of KLX which BA acquired years ago)
If we weren't in the midst of such a strong rally, this thing could/should be getting clobbered (just issued $24bn equity without much selling pressure)... likely would have made the turnaround more interesting.
Would be curious to hear some parallels to other big blue chip turnarounds and what made those successful... hmm...
Well is it cheap enough in your view
Nah, I haven't bought any... but it's up there on my watchlist...
Median P/E for this thing is ~16x during post-GFC / pre-COVID timeframe so 2018 net income ($10.5bn) at 16x = ~$225/share... maybe that's a 3-4 year journey? I haven't done enough work to put odds on it.
On the other hand, pessimism seems quite high!
Or be patient
Got to go with the flow in this market