Congress Just Passed a Bailout Bill: Is It Safe to Buy Boeing Now?

Boeing (NYSE: BA) and its supply chain are getting the bailout the company's CEO said the aerospace giant didn't really need. Even so, it will help ensure the company will be able to weather the COVID-19 coronavirus pandemic without facing the risk of insolvency.

The company's shares were down more than 70% year to date earlier in the month but began rallying in recent days as the bailout plan started to take shape in Washington. Nevertheless, Boeing remains a challenged company with a suspended dividend, and management still has a lot on their plate in the months to come.

With the bailout secured, is now the time to jump in and buy Boeing shares?

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Source Fool.com