Boeing Holders Ride Out 787 Woes for Payoff on Debut
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Boeing Co. ended 2010 with delays for its two marquee jets, upheaval in its $35 billion tanker bid and a canceled defense contract. The same year, the shares almost doubled the gain in the Dow Jones Industrial Average.
Even with a likely drop in quarterly profit tomorrow, investors are looking past setbacks on the 787 Dreamliner and 747-8 and positioning themselves to benefit from the planes’ entry into service, said David Rowlett, an analyst at T. Rowe Price Group Inc., which owns 7.1 million Boeing shares.