Boeing
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.
Looking back at the earlier post I realized I must have messed up my editing of it at the time and left out the part about writing the puts. Doesn’t take away from the point that here under $150, BA is a good long term value play over the next 2-3 years.
Doesn’t that depend on whether TPTB are successful in locking down the world in pursuit of “climate control” tyranny?
Agenda 2030 calls for elimination of (or severely limited) travel for the “deplorable useless eaters” while those holding positions of power will be flying their own jets (not Boeing) as they continue the massive wealth transfer programs designed to fill their pockets.
When “no one is allowed to fly” OR is “carbon-tax controlled” is then combined with the euthanasia target of a 90% population reduction, how can BOEING be a good long term investment?
Who will be their customers? Same with hotels, cruise ships, resorts etc. as the world moves to meet the UN / WEF etc etc etc “30 by 30” short term goals of cutting off access to the planet for the undesireable.
Elite excluded of course — there are exceptions to every rule created for the common folk!
Of course if they win and are able to implement their agenda then all bets on EVERYTHING become moot. I like to think and operate under the belief that as crazy as things have gotten, there is still hope we won’t go completely dystopian. Maybe that is wishful thinking but as I have stated before, I am an optimistic realist. Hopeful but not blindly so.