Sunday, April 24, 2016

Analysts bailing On The Dreamliner......They finally figured it out.....

Boeing built the Dreamliner to make lots and lots of money.  

To make lots and lots of money they were NOT going to hire expensive American workers.  Instead they were going to hire incompetent foreign workers.  Incompetence is always cheaper than competence.

The cheaper incompetent workers built a plane full of flaws.  Those flaws needed to be fixed by competent American workers.  Boeing saved $1.00 on the front end and lost $10.00 on the back end.  Congrats....

With production costs for building (and then rebuilding the Dreamliner) piling all the way up to $29,000,000,000.00......... the genius analysts on Wall Street are now (FINALLY) seeing that Boeing will never be able to make up for all the losses.  

Someone at Merrill Lynch must have gotten a calculator for their birthday and  did some simple math and concluded what I concluded 10 years ago.......That sh*t aint gonna work.  

So now Boeing stock is plunging and everyone is bailing  on the "Outsource your way to profitability" model of corporate success.

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