(Last week, ANN reported that Boeing actually turned a
profit in 2003 -- thanks in large part to a tax refund for Uncle
Sam. While that may sound like good news on the surface, the boys
over at Motley Fool see it from a different angle. --
ed)
Aircraft and defense giant Boeing reported its annual results
with earnings of $1.11 billion dollars. These earnings are just
about double last year's results. Investors who consider this
particular outcome as being meaningful will be in error, however.
From an analytical perspective, this number is the next best thing
to worthless, so let's view it, admire it, and move on.