The Rokslide Stock Traders Thread

[Fowl Play]

@Fowl Play, thx for the insights. I've moved on from UNH too.

No problem, that’s my take from being in the industry, but UNH is far outside my wheelhouse, I know Buffet just loaded up on a ton of UNH so…

 

[eddielasvegas]

Boeing is not going to come roaring back in my opinion, without a major overhaul of what the company has turned into. It used to be the pinnacle of American aerospace. Now it’s a literal dumpster fire hanging on by the threads of existing contracts (and a few new ones). They replaced engineering management with penny pinching MBA’s, removed critical quality control, etc. Their space capsule “Starliner” is a colossal failure. They essentially murdered hundreds of people with those 737 max failures a few years back. Everyone involved with that should have had criminal charges brought against them for engineering ethics violations. (You can look up the FAA report, they knew what was wrong after the first crash, but tried to keep it quiet because it was due to a software modification they hid from the FAA to prevent additional pilot training… meanwhile two more planes crashed.) They’ve had colossal quality control issues, grounding additional fleets of aircraft’s. Due to all this, they’ve lost too much market share to Airbus and will loose more. I would look elsewhere for investments, these are all systemic issues with the current company that will take decades to recover from (if they ever do).

Of course… markets are irrational, so who knows, but I would not consider it a quality company on a discount anymore.

I saw a rally good quote online about BA a couple years ago (no idea who originally said it) and I'm probably off with a couple words:

When they were based in Seattle, they were an engineering company who happpened to make planes.
When they were based in Chicago, they were a financial company who happened to make planes.
Now that they are based in DC, they are a lobbying company who happens to make planes.


Who knows how accurate it is, but a once highly respected company, revered worldwide, has had a fall from grace that follows the above timeline.


Eddie

 

[BBob]

I saw a rally good quote online about BA a couple years ago (no idea who originally said it) and I'm probably off with a couple words:

When they were based in Seattle, they were an engineering company who happpened to make planes.
When they were based in Chicago, they were a financial company who happened to make planes.
Now that they are based in DC, they are a lobbying company who happens to make planes.


Who knows how accurate it is, but a once highly respected company, revered worldwide, has had a fall from grace that follows the above timeline.


Eddie

There’s a bunch of truth to that. It’s pretty common knowledge that when they merged with McDonnell Douglas the bean counters from MD pretty much took over running the company from the Boeing engineers. Any aerospace company likely lives and dies with lobbying success or failure these days.

 

[Shadow Illude]

@Fowl Play, thx for the insights. I've moved on from UNH too.

Are you re thinking this after the Buffet news?

 

[HuntHarder]

Ooof. UNH! Buffet still has it.

 

[Beendare]

Are you re thinking this after the Buffet news?

I never claimed to have perfect timing.....grin

I based my decision on costs for HC going into the stratosphere....it's going to be harder and harder for these companies to manage that. Obviously Buffet disagrees. He was rumored to be buying...and that accounts for the rise before the announcement was made.

In fact, Buffet has don't almost nothing with his $300B in cash. I sold my BRK-B, it's been dead money. Buffet is more worried about distributing his inheritance. I will rotate that $$ into ETF's or maybe a vacation house...but not doing anything until after hunting season.

My son continues to play the Reddit stuff with small change positions, His HGRAF is up 72% in the short time he owned it.