Boeing Dreamliner delays hurt TIE, PCP, ZOLT

For the longest time I have been watching PCP drop and I couldn't figure out why. It made no sense but I suspected a company specific event because they dropped on good market days and bad days. Same with TIE - ATI reported great news, indicating titanium strength. But TIE still dropped.

Then I thought I understood it: Boeing lost the contract to build the next generation of the US -re-fueling plane fleet. For PCP, that means less growth. For TIE, that is a wash because the plane will use GE engines (TIE supplies them) and the wings will be made in Europe using TIE titanium (most likely).

Then the Dreamliner was delayed. Again. And that is a real problem.

And it's an opportunity. Whatever short term impact there will be will be short lived as well. PCP is not a bad company or suffering a long term problem, so don't walk away entirely. Watch and be prepared to get back in.