Jim Cramer Believes “Boeing’s a Must Buy”

The Boeing Company (NYSE:BA) is one of the stocks Jim Cramer commented on. During the episode, when a caller asked about the company, Cramer commented:

“I think Boeing’s a must buy. I think Boeing’s a must buy. I have looked the CEO in the eye. I think he’s a terrific guy, Ortberg. And I will tell you this, this company just gave up a huge percentage of the gain that it has had. And why buy anything at the top when you get something near the bottom? That’s Boeing.”

Pixabay/Public Domain

The Boeing Company (NYSE:BA) designs, manufactures, and supports commercial aircraft, defense systems, and space technologies. During the September 22 episode, Cramer called the company stock “too good to ignore.” He remarked:

“If you bought Boeing on weakness during the strike last fall, you’d now have a nearly 36% gain. These guys have been running circles around the unions for decades. I don’t see that changing anytime soon… Long story short, Boeing’s now officially a Charitable Trust holding thanks to the stock’s recent pullback. So you should know the core case for owning the stock. The company’s gradually ramping up production for its key aircraft models, the 7377… and remains mostly on track with these efforts. Boeing’s balance sheet is much, much better than it was after the huge recapitalization effort late last year.

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Disclosure: None. This article is originally published at Insider Monkey.