Back on August 2nd (see link https://goldtadise.com/?p=629146) I posted about Boeing and Intel being two long term value plays for Warren Buffet to consider as future investments.

In the case for BA I suggested it was a month or two away from being a Buy once it got to $150 or below. Yesterday for the first time, it traded and closed below $150. I had suggested in the earlier post that by writing $150 puts back two months ago he would make some money while waiting to have the stock put to him, which now becomes likely if it falls further and stays below the strike.

There is likely a bit more downside from here, but the 4 year base with a triple bottom is massive and should limit any further drop. It will likely be two to three years for BA to recover from it’s many past problems but for long term value investors like Berkshire Hathaway, Warren is unlikely to find a better risk/reward situation to leave as a legacy to his stockholders.