By Scott Hamilton

Dec. 19, 2024, (c) Leeham News: It is rare that LNA takes special note of aerospace analysts. Too many of them cozy up to the companies they cover because if they don’t, they’re access may be cut off or curtailed. For most reports, we look at them for information rather than analysis and we’re happy to cite the details rather than the conclusions.

Today, we’re making an exception. Cai Von Rumohr, an analyst of 55 years, has retired. He ended his career with TD Securities, more commonly known as Cowen. In his final note to investors, Von Rumohr provides an entertaining lessons learned and rules he followed during his long career. We don’t publish full reports without permission (after all, analysts sell their reports just like LNA sells subscriptions) but in this case, we don’t think Cai will mind offering his farewell for download. It’s available below.

Cai von Rumohr’s farewell investors’ note: Farewell From Cai von Rumohr Reflecting On 50 Years.

Von Rumohr is succeeded by his colleague Gautam Khanna, who worked with him for 24 years. Khanna’s first report as lead analyst about Boeing is entitled Dog of the Dow, reflecting Boeing’s dismal stock performance this year. Nevertheless, he has an Outperform and a Target Price of $200 on the stock. It closed at $172.62 yesterday.