Dreamliner cleared for takeoff

Article Excerpt

THE BOEING CO. $91 (New York symbol BA; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 756.2 million; Market cap: $68.8 billion; Price-to-sales ratio: 0.8; Dividend yield: 2.2%; TSINetwork Rating: Above Average; www.boeing.com) has received approval from U.S. regulators for its redesigned battery system for the 787 Dreamliner passenger plane. Regulators grounded all 787s in January 2013 after an overheated battery forced one to make an emergency landing in Japan. Remodelling the battery and delays in delivering new planes probably cost Boeing $600 million. That’s equal to 8% of the $7.2 billion, or $5.88 a share, it earned in 2012. However, the new battery design should make it easier for Boeing to attract new buyers for the 787. Boeing is a buy. buy…