Boeing Stock Higher After CEO Is Ousted

The transcript discusses the ousting of Dennis Mullenberg as Boeing's CEO amid the 737 Max crisis. Andrew Cashner, an equity research analyst, explains why his firm has no rating on Boeing stock, citing ongoing uncertainties. The conversation explores the potential impact of a new CEO on Boeing's stock and the broader implications for the company. It also addresses the challenges Boeing faces in resuming production and gaining regulatory approvals, emphasizing the importance of consumer confidence and the role of foreign regulatory bodies.

What was the primary reason for Dennis Mullenberg's removal as CEO of Boeing?

• He retired voluntarily.

• The company wanted a new direction.

• He was involved in a financial scandal.

• The 737 Max crisis and scrutiny.

What is the current stock rating approach of Andrew Cashner's firm?

• Hold or No Rating

• Sell or No Rating

• Buy or No Rating

• Buy, Hold, or Sell

What is a major concern for Boeing even after the 737 Max is approved to fly again?

• Lack of skilled engineers

• Competition from Airbus

• Consumer response to flying the 737 Max

• The cost of new planes

What is a potential challenge for Boeing's production timeline?

• High fuel prices

• Shortage of pilots

• Delays in FAA approvals

• Lack of raw materials

What is the impact on Boeing's suppliers due to the 737 Max crisis?

• Higher profit margins

• Temporary halt in part shipments

• Increased production demands

• Expansion into new markets