Yet another stock that looks good for the long haul (we're talking 2 decades). Airplanes are here to stay. The infrastructure is already in place in developed economies, and emerging markets China, India, and smaller countries will continue to build new airports, which will need airplanes to move back and forth from the new cities China continues to build, creating new growth opportunities for the Boeing Co regardless of the current temporary weakness in emerging markets today.
The yield is presently at 3%, although w/ dividend increases over the years, at the same price the yield will look better. I do see a pullback this coming week because the mutual funds finished buying for their October quarterly letters to IRA and 401k's, so we'll likely see a move lower before it cotinues higher. Use this as an opportunity to jump in.
$52.42 (11/01/08)
