This morning, Boeing (BA) reported lower-than-expected earnings and slashed its expectations for future earnings. That report makes Morgan Stanley (MS) analyst Heidi Wood's suggestion that investors lighten up on their Boeing holdings, which I posted on Tuesday, look good.
Of course, that advice would have been far more useful if it had come back in September 2007, when the stock peaked at $105 on optimism about the 787 Dreamliner. With the share price now at $50 and dropping, it looks like Boeing's CEO Jim McNerney has gone and "f$%^ed it up" -- just as Wood feared he'd do back when he took the job in 2005. Is it time for prodigal son, Ford Motor (F) CEO -- and former Boeing executive -- Alan Mulally to come home?