Boeing Receives Commitment Valued at $724 Million

2013 was a great year for Boeing, and 2014 is starting off with more positive developments as Air Algerie to buy eight 737-800 commercial airplanes.

Jan 6, 2014 at 10:47AM

It's been a solid year-long ride for Boeing (NYSE:BA) as its share price as soared nearly 80% higher and the aviation juggernaut doesn't look to slow down anytime soon. Over the weekend, its machinist union agreed to a contract extension that will keep production and likely the final assembly of its next generation 777X at its Everett, Wash., plant. That's a good sign for investors as moving the assembly to another location with a less experienced workforce could have created production problems and delays.

Monday brought more good news for the company. Boeing and Air Algerie today announced an agreement for eight 737-800 commercial airplanes. The order, when completed, will be worth $724 million to Boeing and its investors. Boeing's 737-800, the next generation of its popular 737 single-aisle airplane, has sold more than 4,500 airplanes to the world's leading airlines and this agreement will help Boeing strengthen its presence in the region. 

"Air Algerie has been a major player in North African aviation for more than 50 years and has already experienced the enhanced performance and improved economics of the 737-800," said Van Rex Gallard, vice president of Sales for Africa, Latin America, and the Caribbean, Boeing Commercial Airplanes, in a press release. "Today's commitment for additional 737-800s underlines Air Algerie's position as a leading carrier committed to providing its passengers with a wide choice of destinations and exceptional in-flight comfort."

This is another positive sign for Boeing investors as the 737 family is the "most technologically advanced single-aisle airplane family" in the industry, according to the company. That's great because growth in the single-aisle commercial airplane segment looks to surge in the coming decades, according to Boeing predictions.


Graph by author. Information from Boeing's 20-year forecast.


Fool contributor Daniel Miller has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

A Financial Plan on an Index Card

Keeping it simple.

Aug 7, 2015 at 11:26AM

Two years ago, University of Chicago professor Harold Pollack wrote his entire financial plan on an index card.

It blew up. People loved the idea. Financial advice is often intentionally complicated. Obscurity lets advisors charge higher fees. But the most important parts are painfully simple. Here's how Pollack put it:

The card came out of chat I had regarding what I view as the financial industry's basic dilemma: The best investment advice fits on an index card. A commenter asked for the actual index card. Although I was originally speaking in metaphor, I grabbed a pen and one of my daughter's note cards, scribbled this out in maybe three minutes, snapped a picture with my iPhone, and the rest was history.

More advisors and investors caught onto the idea and started writing their own financial plans on a single index card.

I love the exercise, because it makes you think about what's important and forces you to be succinct.

So, here's my index-card financial plan:


Everything else is details. 

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