Is Boeing Enticing After Recent Headlines?

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With shares of Boeing (NYSE:BA) trading around $129, is BA an OUTPERFORM, WAIT AND SEE, or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework:

T = Trends for a Stock’s Movement

Boeing is an aerospace company. It focuses primarily on engineering, information technology, research and development, test and evaluation, technology strategy development, environmental remediation management, and intellectual property management. The company operates in five segments: Commercial Airplanes, Boeing Military Aircraft, Network & Space Systems, Global Services & Support, and Boeing Capital Corp.

A recent filing with the Federal Communications Commission has shown that Boeing is moving forward with its plans to make an ultra-high tech smartphone that seems like something out of a spy movie. The device, which is being called “Boeing Black,” will run on a variation; be able to support all the major communications, storage, and wireless standards; and will self-destruct if tampered with. The device also uses dual SIM cards to switch between secure and public networks — but not too much more is known about device. The company has even gotten the specs for the device exempt from the Freedom of Information Act, so journalists aren’t allowed to know many details about the phone. Boeing says that the device’s specs are “trade secrets” vital to national security and so can’t be shared with the public.

“Boeing has developed its Black phone primarily by governmental agencies and their contractors to ensure that data and voice communications undertaken by their respective employees are transmitted and store in a highly secure manner,” Boeing said in its filing. Anyone who buys a Boeing Black will have to sign a non-disclosure agreement promising not to reveal the phone’s secrets. “The Boeing Black phone is manufactured as a sealed device both with epoxy around the casing and with screws, the heads of which are covered with tamper proof covering to identify attempted disassembly. Any attempt to break open the casing of the device would trigger functions that would delete the data and software contained within the device and make the device inoperable,” Boeing said of a function that sounds like something out of a Bond film.

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