Thread: Spirit Stock
View Single Post
Old 02-24-2020 | 03:25 PM
  #3  
RemoveB4flght's Avatar
RemoveB4flght
Gets Weekends Off
 
Joined: Aug 2008
Posts: 770
Likes: 0
Default

Originally Posted by Excargodog
Do not put any serious amount of your investments in company stock. That’s as near an ironclad rule as you can find in investing. And I LIKE Spirit both as a company and an investment, and it is doing well, but not diversifying and instead putting all your retirement eggs in one basket is as stupid as only wiring one AOA sensor to your MCAS when you could have just as easily wired in both. You create a single point failure problem and are a single bird strike away from having to wrestle with a potential catastrophe.
The irony of your statement is that Spirit Aerosystems, which has nothing to do with us, is tied to the 737 Max fiasco. It’s been shown that bad news from Boeing on several occasions has prompted sell offs of our stock by funds who conflated us with the other aviation company named Spirit.
Reply