Congressional 737 Max Report Is a Warning for Boeing Investors

It's been a tough year for Boeing (NYSE: BA), but the aerospace giant and its shareholders should get some much-needed good news before year's end as regulators appear close to allowing the 737 Max to resume flying. With the stock off nearly 50% year to date and the Max's return a key boost to free cash flow, bargain hunters might be tempted by Boeing shares. Congressional investigators in the report blame the crashes on "a horrific culmination of a series of faulty technical assumptions by Boeing's engineers, a lack of transparency on the part of Boeing's management, and grossly insufficient oversight" by the Federal Aviation Administration.