Cramer's Boeing Labor Strike Losers
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Date updated:10-02-2008

Cramer said with both sides of the labor dispute gearing for the long haul, Boeing's suppliers just cannot be owned.

symbol name last price % change open
  • +
  • BA
    Boeing Co
  • $42.91
  • -7.52%
  • $44.16

With the labor strike at Boeing's (BA) now entering its third week, Cramer said the real loser is not the aircraft maker or its employees but the company's suppliers. He put Boeing, along with all of its suppliers, squarely in the Thursday "Sell Block" segment.

People owning BA also tend to own: AAPLAIGAPDBACBAXCCOP

TheStreet.com Rating: C+ What is this?

  • +
  • SPR
    Spirit Aerosystem
  • $13.51
  • -7.53%
  • $14.26

He said that Spirit AeroSystems (SPR), which derives 87% of its sales from the now idled Boeing, has already cut its workforce to a three-day work week and said layoffs are looming. The company will see a 6% hit to 2008 earnings if the strike lasts a month.

People owning SPR also tend to own: AAPLAGNALTASCABACOFCSCO

TheStreet.com Rating: D+ What is this?

  • +
  • ROK
    Rockwell Automat
  • $25.00
  • -7.89%
  • $26.38

Next on the list is Rockwell Automation (ROK), which depends on Boeing for 14% of its sales. The company has just laid off 80 people.

People owning ROK also tend to own: CROXDDKSSAAPLADBEAGNAMT

TheStreet.com Rating: C What is this?

  • +
  • PCP
    Precision Castpar
  • $55.27
  • -5.80%
  • $56.99

Third is Cramer favorite, Precision Castparts (PCP). Cramer said the company gets 17% of its sales from Boeing and will take a 1.7% earnings hit if the strike lasts a month.

People owning PCP also tend to own: DISKEYMCDFRKWWYPFESU

TheStreet.com Rating: C+ What is this?

  • +
  • GR
    Goodrich Corporat
  • $32.03
  • -3.47%
  • $33.65

Finally, Cramer said both Goodrich (GR), maker of aircraft wheels and brakes, and composite maker Hexcel (HXL), are at risk of big losses from a lengthy strike.

People owning GR also tend to own: APHBCRBKCSCCSLGPCIVZ

TheStreet.com Rating: C+ What is this?

  • +
  • HXL
    Hexcel Cp Delawar
  • $10.20
  • -4.05%
  • $10.33

Finally, Cramer said both Goodrich (GR), maker of aircraft wheels and brakes, and composite maker Hexcel (HXL), are at risk of big losses from a lengthy strike.

People owning HXL also tend to own: AXEBEZBKHBRSCFRCSLCW

TheStreet.com Rating: C What is this?

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