Thursday, February 11, 2016

Boeing Under Investigation For Hiding Dreamliner losses.......

Boeing being investigated for their accounting practices.

The same accounting practices I told you about right here over two years ago. 

Go read my post from October 24th 2013 . 

Boeing highlights the good and ignores all the bad. Then the stock goes up. Eventually the regulators woke up and noticed what I was talking about then.

"The U.S. Securities and Exchange Commission is investigating whether Boeing properly accounted for the costs and expected sales of two of its biggest jetliners, the 747 and 787,"

"at a time when Boeing's order book is bursting, show the deep financial hole that the 787 has dug for the world's biggest plane maker. The high-tech jet has racked up more than $30 billion in deferred production costs that Boeing has not yet charged against its income statement. "

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