Boeing (BA) Just Took A “Major Turn,” Says Jim Cramer

We recently published Jim Cramer Talked About These 14 Stocks & Discussed AI And Layoffs. The Boeing Company (NYSE:BA) is one of the stocks Jim Cramer recently discussed.

Wednesday was an important day for The Boeing Company (NYSE:BA) as far as Squawk on the Street was concerned since the firm’s CEO, Kelly Ortberg, gave an interview on the program. Ortberg appeared after the firm’s earnings, ahead of which Cramer had disclosed that his trust had owned The Boeing Company (NYSE:BA)’s shares. Here’s what the CNBC TV host said about the firm after Ortberg’s interview:

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“. . .as Phil [Lebow] was talking about. This is one of those situations where I’ve been sitting here waiting for free cash flow to go positive. I feel like this chart, sure the charge was big and it was a little big bigger than I thought, but Kelly did talk about it at the Laguna conference earlier in the Fall, that look there are issues and I think you could have sussed it out, it’s not cash. But this is a major turn and this man is not understood, Kelly Ortberg. I mean for instance, we’ve got the strike going on right there with the International Association of Machinists, they’ve got people crossing that picket line. He’s not going to tolerate, I’m not calling it nonsense because I was a union member for a long time, but he’s not going to tolerate a union holding them hostage anymore. I think people are underestimating how strong this person is versus the previous group of leaders that they had at Boeing.”

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