Airbus took a 9% hit recently due to them falling short of their delivery guidance. If I’m not mistaken, they were poised to deliver 800 aircraft, but could only fulfill 770. The stock took a nose dive. However, the company is profitable (unlike Boeing) and doesn’t have the myriad of safety issues it’s American counterpart is facing.
Currently, the company is operating on 15% gross margin, 25 P/E, and a P/FCF of 17. Which, again, compared to the other incumbent is leagues better.
The American ticker is EADSY and I’m thinking about dropping some cash on it. I feel that investors are seriously overreacting on the latest news.
Anyone here think differently?
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