Saturday, November 1, 2008

BEAV catalyst has occurred. Now will it rally?

The 27,000 member machinist union has overwhelmingly approved the new compensation plan offered by Boeing, and now the AERO industry can get back to work (this strike has lasted 8 weeks, which is pretty lengthy). In theory, this news should bode well for BEAV, which supplies Boeing with seats and other interior cabin items (I picked up a nice chunk of BEAV stock on Friday). Of course, the market could have already priced in the good news considering BEAV's stock movement on Wednesday and Thursday (the stock rallied from around $9 to more than $12 over that time). I guess we will see on Monday ;-)

No comments: