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Investors who stood by Boeing reap reward – Business – The Boston Globe

April 23, 2013

Investors who stood by Boeing during its 787 crisis have been rewarded.

Things looked bad three months ago. Boeing’s flagship plane was grounded worldwide because no one could explain the smoldering batteries on two planes. Deliveries of the 787 to customers had stopped. No one knew how much the whole mess would cost. Plus, there was a chance engineers could strike, halting production.

Some investors bailed out, spooked by the latest snag with a plane considered to be a key to Boeing Co.’s future. Others were confident Boeing would quickly fix the battery problem and raved about its long-term prospects.

‘‘Over time, when investors are terrified, you’re usually going to be able to find some very good buying opportunities,’’ said Don Peters, a portfolio manager at T. Rowe Price.

Investors who stood by Boeing during its 787 crisis have been rewarded.

Things looked bad three months ago. Boeing’s flagship plane was grounded worldwide because no one could explain the smoldering batteries on two planes. Deliveries of the 787 to customers had stopped. No one knew how much the whole mess would cost. Plus, there was a chance engineers could strike, halting production.

Some investors bailed out, spooked by the latest snag with a plane considered to be a key to Boeing Co.’s future. Others were confident Boeing would quickly fix the battery problem and raved about its long-term prospects.

‘‘Over time, when investors are terrified, you’re usually going to be able to find some very good buying opportunities,’’ said Don Peters, a portfolio manager at T. Rowe Price.

Investors who stood by Boeing reap reward – Business – The Boston Globe.

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