The Boeing Company (BA) is a promising industrial play that is attracting investors and clients due to the fuel efficiency of the 787 as well as the strength of BA‘s other aircraft workhorses, says George B. Bolton, Chief Investment Officer and Portfolio Manager at WestEnd Capital Management, LLC.
“Our thesis on Boeing — and we have owned it for four years at a price of $60 — is that the 787 is going to be so good in terms of fuel efficiency, so attractive to the client in terms of getting from A to B in a very comfortable way,” Bolton said.
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Bolton is bullish that Boeing is a multiyear play, as the company holds historically strong aircraft and is in a solid position in their defense business.
“You have that sprinkled on top of the workhorse 777 and the greatest workhorse in history, the 737, and we don’t see their defense business folding like a tent — they are in the right part of the defense industry budget,” Bolton said.
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