Was Jim Cramer Right About These 16 Stocks?

13. The Boeing Company (NYSE:BA)

Number of Hedge Fund Investors: 113

Jim Cramer appeared regretfully bullish on The Boeing Company (NYSE:BA) one year ago. He admitted that he sold his shares too early and that despite Boeing’s mismanagement, the demand for its planes made it a long-term winner. Here’s what he said back then:

“This was an ironclad thesis for one very simple reason: no matter how badly Boeing screwed things up, at the end of the day, there are only two major manufacturers of commercial aircraft on Earth […] I didn’t have the patience or the pain tolerance to stick with my original thesis, which was dead right all along. If we’d stuck around for the next 12 months, we would have seen this stock shoot above $200 as the bull thesis played out perfectly. The lesson here: if you believe in your own thesis, you can’t let its unrelated negatives scare you away.”

However, it seems that the company’s efforts to turn the plane around didn’t materialize, with the stock being down by 21% since then.

In a more recent episode of Mad Money, which aired on the 27th of February, Cramer appeared more cautious on the stock, saying:

“Well, look, it’s, it’s actually in a real sell-off, you’re gonna get a bad price. And I remember when we had the flash crash, everybody who had those things got just completely ripped off. So I want to be careful. You can do it for some, but please don’t do it for more. You might get lucky but then you might get unlucky. I’ve seen people buy a stock at $60 and the stock finishes the day at $45. That’s what worries me.”