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

(www.wsj.com)
32 points bookofjoe | 1 comments | 15 Oct 24 21:34 UTC | HN request time: 0.001s | 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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financetechbro ◴[15 Oct 24 22:32 UTC] No.41853813[source]▶
You misunderstood the article, Boeing is issuing new shares in order to bolster their cash on hand inventory. They’re issuing shares that didn’t exist before to raise new capital.
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1. bryanlarsen ◴[15 Oct 24 23:41 UTC] No.41854236[source]▶
Boeing did $43B of stock buybacks in the 2010s. In practical terms those shares did exist before.

I don't know whether they retired the stock they bought back or put them back into the treasury, but in practice it's basically the same thing. Shares are fungible.