Tag Archives: Precision Castparts

Boeing stock dives on fire in empty 787 in London

Shares of Boeing sank Friday after an empty 787 experienced a fire at Heathrow Airport.

An unspecified technical issue forced another 787 to turn back to Manchester Airport.

British police said the fire aboard an Ethiopian Airlines plane is being treated as unexplained.

The entire fleet of Boeing 787s was grounded in January for problems involving the plane’s lithium-ion batteries. One caught fire at Boston’s Logan airport.

The planes were cleared to resume flying in April after Boeing redesigned the battery system and got approval for the changes from global aviation regulators. Ethiopian was the first airline to resume using the 787.

Boeing shares fell $5.60, or 5.3 percent, to $101.25 in afternoon trading. The shares earlier dropped as low as $98.99.

Boeing spokesman Marc Birtel said in an email to The Associated Press that the company has personnel looking into the event at Heathrow.

Shares of Boeing suppliers also fell. Precision Castparts fell $3.49, or 1.5 percent, to $233.78. Spirit Aerosystems, which also makes parts for the 787, fell 48 cents, or 2.1 percent, to $22.65.

Citi analyst Jason Gursky said the cause of the fire may not be known until later Friday or over the weekend. So, the ultimate outcome for Boeing’s stock might wait until Monday. He said a fire related to the plane’s electrical system, even if it is not tied to the lithium-ion battery, would be a concern for investors.

“If the fire is related to a burned coffee pot or a mistake in the crew rest area.the stock should recover quickly to $106-$107,” Gursky wrote in a note to clients.

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Source: FULL ARTICLE at Fox US News

Why Precision Castparts Is Poised to Keep Flyin'

By Brian D. Pacampara, The Motley Fool

Filed under:

Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool’s free investing community, aircraft components maker Precision Castparts has earned a coveted five-star ranking.

With that in mind, let’s take a closer look at Precision Castparts and see what CAPS investors are saying about the stock right now.

Precision Castparts facts

Headquarters (founded)

Portland, Ore. (1949)

Market Cap

$28.0 billion

Industry

Aerospace and defense

Trailing-12-Month Revenue

$7.9 billion

Management

Chairman/CEO Mark Donegan

CFO Shawn Hagel

Return on Equity (average, past 3 years)

15.4%

Cash/Debt

$483.3 million / $3.8 billion

Dividend Yield

0.1%

Competitors

Alcoa

Allegheny Technologies

Carpenter Technology

Sources: S&P Capital IQ and Motley Fool CAPS.

On CAPS, 98% of the 1,319 members who have rated Precision Castparts believe the stock will outperform the S&P 500 going forward.

Earlier this month, one of those Fools, SmoothHughes, succinctly summed up the Precision Castparts bull case for our community: “I lost a company I really liked to [Precision Castparts] when they bought [Titanium Metals]. This is a way to get some of [Titanium Metals] back, and buy into the future growth of airplane and other precision manufacturing.”

If you want market-topping returns, you need to put together the best portfolio you can. Of course, despite its perfect five-star rating, Precision Castparts may not be your top choice.

We’ve found another growth play we are incredibly excited about — excited enough to dub it “The Only Stock You Need to Profit from the NEW Technology Revolution.” We have compiled a special free report for investors to uncover this stock today. The report is 100% free, but it won’t be here forever, so click here to access it now.

Want to see how well (or not so well) the stocks in this series are performing? Follow the TrackPoisedTo CAPS account.

The article Why Precision Castparts Is Poised to Keep Flyin’ originally appeared on Fool.com.

Fool contributor Brian Pacampara has no position in any stocks mentioned. The Motley Fool recommends Precision Castparts. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance