The Boeing Company (NYSE:BA) is one of the stocks Jim Cramer shared his take on. Cramer explained his and his team’s bullish stance on the company, as he remarked:
What did we know about Boeing? Well, it hasn’t reported yet. We bought it aggressively and all the way down endlessly because management told us that they couldn’t shoot straight, and the term was delayed. But they added that the cash flow will be higher than expected. We told investing club members to buy and buy and buy down 50, down 60, down 70 because we knew that the cash flow was the key metric to watch here, and the rest is just noise. You needed to follow Boeing for 30 years, as I have to understand this… See, you can’t defeat Boeing.
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The Boeing Company (NYSE:BA) designs and builds commercial aircraft, defense systems, satellites, and space technologies, and provides related support and service solutions. During the episode aired on January 16, a caller noted that the company has “no earnings.” Cramer responded:
Okay, so we have to understand this… This is a cash flow story, not an earnings story. The cash flow here is bountiful. We own it for the trust. I insist that you continue to own it. I think that Kelly Ortberg is turning the corner. It’s my favorite stock in the Charitable Trust. It’s up 14% for the year.
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Disclosure: None. This article is originally published at Insider Monkey.