It's Way Too Late to Board Boeing

Nothing gets investors' juices flowing like seeing a stock hit a new all-time high, as happened Thursday for Boeing (BA) after the airplane giant reported better-than-expected quarterly earnings. BA hit a $242.68 record peak intraday before pulling back slightly, and analysts raced to upgrade their opinions to avoid looking silly.

Now, Boeing is a fine company, but at current prices, the stock is sporting its highest valuation in more than a decade. Excluding 2009 (when earnings per share plunged during the Great Recession), BA has averaged around a 16.2x multiple and about a 2.5% dividend yield since 2007....415 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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