| From: Paul Senior | 10/4/2017 1:06:59 PM | | | | | | AER: I'm adding here. Still a value imo: low p/e, low p/stated book value ----compared to other aircraft leasing companies I am following. (Realizing though that these companies have diffferent business customers and models (e.g. specializing in wide vs narrow bodies), different lease arrangements and borrowing costs, etc.)
AAWW. I like it for its AMZN prospects: I may step up for a small add to my few shares if stock will drop a bit. |
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| From: JakeStraw | 6/28/2018 12:23:40 PM | | | | | | Air Transport Services Group Stock Upgraded
fool.com
"We continue to see renewed interest in air cargo, as supply chains speed up in response to the growth of e-commerce," argues Stifel. "ATSG is well positioned as one of the leaders in the acquisition, conversion, leasing, maintenance, and operations of freighters."
Amazon may now be one of the biggest parts of its business, but ATSG gets as much revenue from DHL (28% last quarter) and is also a big supplier to the U.S. military (11% of revenue). In total, ATSG was leasing out 52 freighters to "external customers" such as these at the end of last quarter.
Stifel says it finds ATSG shares "attractive" at current prices, "given the long-term growth prospects for the business -- with Amazon and outside of Amazon." |
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| From: Paul Senior | 8/23/2018 10:43:04 AM | | | | | | FLY. Good quarter and good outlook reported by FLY.
I see now also in the press release:
FLY issued and sold approximately 1.3 million of its common shares to affiliates of Onex Corporation ("Onex") and the management team of BBAM Limited Partnership and its subsidiaries ("BBAM") at a purchase price of $15.00 per share. All FLY common shares held by Onex, and the newly issued FLY common shares held by members of the BBAM management team, are subject to a 180-day lock- up from the date of issuance. Stock up today on the news, about 5% to $14.50. I have held a few shaes for several years; I'll up my position a bit today.
Business seems to be okay. From my perspective - holding several aircraft leasing companies over past few years - FLY stock has been moribund compared to others that I've held. |
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| From: Paul Senior | 10/30/2018 12:39:10 PM | | | | | | | Not a bad q report from AER (imo). Stock is down to 12-mo low. I'll add a few shares to my position. |
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| From: Paul Senior | 12/11/2018 3:31:57 PM | | | | | | Added to AL recently. Now adding a few more shares of AAWW as it too hits a 12-mo low.
Business good/outlook good (per management); low p/e. Market seems to say future not so bright. |
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| From: JakeStraw | 2/8/2019 8:13:42 AM | | | | | | Air Transport Services Group ATSG,purchases used Boeing 737, 757 and 767 airplanes, refurbishes them for freight transport and then leases them to other companies. The company, which has a stock-market value of about $1.4 billion, announced in December that it had expanded its relationship with Amazon AMZN, -1.68% to lease and operate 10 additional 767s, while extending agreements for the 20 767s Amazon was already leasing.
Air Transport Services supplies crews for the planes and handles maintenance, insurance and the warehousing of the Amazon products it transports. Amazon pays for the fuel.
“As it moves away from FedEx FDX, and the U.S. Postal Service, Amazon will look to outsource transportation through ATSG and its competitor Atlas Worldwide AAWW,while not owning the planes because of the high capital outlay. Amazon is looking potentially to deliver packages for other parties as well,” Cartwright said.
Kornitzer Capital Management
Doug Cartwright and Craig Richard, portfolio managers with Kornitzer Capital Management.
He estimated that more than half of Air Transport Services Group’s revenue would come from Amazon once the new planes are deployed, and another 25% of revenue from DHL (a unit of Deutsche Post AG DPW).
As part of the new agreement, Amazon was granted additional warrants that give it the right to purchase 39.9% of ATSG’s common shares, rather than 33.2% under the previous deal.
Since Dec. 20 (the day before the new Amazon deal was announced), ATSG’s shares have surged 33% through Feb. 5. This means the market value of Amazon’s warrants has risen as well, which “reduces Amazon’s overall cost of doing business with ATSG,” Cartwright said.
marketwatch.com |
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| From: Paul Senior | 2/25/2019 3:58:24 PM | | | | | | AAWW plane crashes. Stock drops.
I'll bet stock reaction overdone. AAWW still looks like a value stock.
I add a few shares to my position. |
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