Boeing stock up 50% due to free money expectation

Boeing reminds me of that song from Dire Straits.

“Money for Nothing…….” Boeing badly needs a bailout to survive, period!
However, the CEO says he does not want a bail-out if they need to issue stock to the US Government or even take this as a loan.

In essence, Boeing wants money for nothing – free money; they want the taxpayers to give it to them because they are now in two queues –

• the 737Max line
• the Coronavirus food line

Are the President and Congress being gamed?

It looks like the current stimulus package has a hidden provision to give out $17B to Boeing because the Government wants to save the iconic company.

The Government should absolutely insist on preferred equity or a term loan with deferred payments – we did not bail out General Motors for free. Took equity stakes that were sold at a profit.

A free handout will be the most outrageous thing in modern economics. Bailout no Handouts!!

And the Boeing stock is up in market value by 35 Billion in the last two trading sessions – double the expected free money of $17B in the package.