Shares of Boeing Co. reversed higher in early Friday trading, and some may wonder why they’re not actually tumbling considering the aerospace giant’s warning of a massive fourth-quarter net loss. That’s because with all of Boeing’s issues,

Shares of Boeing Co (BA) fell nearly 1.5% in Friday’s pre-market session after the planemaker said it expects a GAAP loss per share of $5.46 in the fourth quarter (Q4) which translates to over $4 billion in losses.

Investors interested in BA stock should wait for a better entry point, considering its elevated leverage and a downward revision in its earnings estimates.