Winging it

Boeing’s stock price is in a nosedive. Should you pick some shares up, or will they crash land?

Finance | Boeing shares aren’t cheap

Boeing has run into some turbulence. Earlier this year, on January 5th, the door plug of one of Boeing's 737 Max 9 planes came off shortly after the Alaska Airlines flight took off. One of the cabin panels blew out and took the door with it. Following this, the Federal Aviation Administration (FAA), America's aeroplane watchdog, ordered the grounding of 171 Boeing aeroplanes. The regulator mandated an inspection of these aircraft, forcing Alaska and United Airlines to ground their planes and cancel flights.

Boeing, the company that makes those planes, responded by saying they're enhancing quality inspections and will increase their focus on production processes. It's too little too late. Investors have punished Boeing's stock. The shares fell 9% at the opening bell after social media sites reported news of the blowout. And the shares have fallen a further 11% since. So, is Boeing stock a good buy at this level? No. There is too much uncertainty, and …