I hear Warren Buffet’s voice over my shoulder telling me “Boeing stock is on sale.” Boeing is a huge defense contractor that is never going away. Maybe this is the bottom of their current crisis and it is a good time to buy?
OTOH Buffett has said many times that stocks related with flying are usually a bad investment. And even when he invest, he says that he doesn't know why he keep doing it, as he knows it's a mistake.
And finally, he usually says that he no longer buy "cheap companies to take a last puff of a cigar butt", but "great companies that are going to do great forever".
Now do the aggregate: bad management + air stock + company in decline = not cheap for Buffett. The small investor could cash a rebound if it happens, but a behemot like B&H is not interested.
Yes. GM and Chrysler went bankrupt [1].
[1] https://en.m.wikipedia.org/wiki/General_Motors_Chapter_11_re...
[2] https://en.m.wikipedia.org/wiki/Chrysler_Chapter_11_reorgani...