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Boeing to sell at least $10B in shares to plug cash drain

(www.wsj.com)
32 points bookofjoe | 4 comments | 15 Oct 24 21:34 UTC | HN request time: 0.835s | source
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xracy ◴[15 Oct 24 21:54 UTC] No.41853512[source]▶
Gosh, would be real cool if they hadn't bought all those shares, and just had the cash on hand to help... I don't know... invest in engineering and making planes fly with doors on them.
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s1artibartfast ◴[15 Oct 24 22:19 UTC] No.41853701[source]▶
Speaking abstractly,Why would that be any better?

Why keep the cash on hand when you can raise cash.

I get that people have an emotional reaction to Boeing, but it's not like owning 10 billion dollars of Treasury bonds would have prevented a door plug blowout

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1. booi ◴[15 Oct 24 22:20 UTC] No.41853715[source]▶
You're not supposed to use the $10B to buy treasury bonds.. you're supposed to use it on R&D, manufacturing, QC, etc...
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2. tylersmith ◴[15 Oct 24 22:25 UTC] No.41853770[source]▶
Who decided that's what they were supposed to do with it?
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3. ihumanable ◴[15 Oct 24 22:31 UTC] No.41853802[source]▶
The fact that they are having to sell these shares to try to right the ship means the market decided. Otherwise they could just keep extracting as much profit as possible.

Oddly enough people that fly on planes want to be confident that the planes will work.

4. s1artibartfast ◴[15 Oct 24 22:42 UTC] No.41853881[source]▶
The parents said cash on hand.

You are proposing a third hypothetical. Would Boeing being a better position today if they had spent 10 billion dollars yesterday? Maybe, maybe not.