The longer-than-anticipated 737 Max 8 jet recertification process weighed on Boeing’s (BA, Financial) shares early in the quarter. While the COVID-19 outbreak has severely restricted air travel in the near term, we added marginally to the position during the quarter given the long-term strength of the company’s business model.
From Spiros Segalas (Trades, Portfolio)' Harbor Capital Appreciation Fund first-quarter 2020 shareholder commentary.
