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The largest shareholder of Fields Aircraft Spares, Inc. (Nasdaq - FASI) is McDonnell Douglas, soon to be Boeing.
FASI is a leading distributor of aircraft cabin interior replacement products and is a broker for a wide variety of factory new parts applicable to various commercial aircraft models and manufacturers.
FASI lost its shirt during the aerospace recession, but they just reported on Friday that Second-Quarter sales are at record levels and that they have returned to profitability. biz.yahoo.com
They also recently reported that they have obtained a new $10 million credit line to finance growth.
IMO, having McDonnell Douglas / Boeing as their largest shareholder has got to give them far greater credibility in the industry than other companies their size.
They are currently shipping at a rate of $1 million per month up 100% over 1996. There are only 2,249,589 shares so the market cap is under $13.5 million.
IMO, based on current growth rates, their new credit line and having McDonnell Douglas / Boeing as their largest shareholder, FASI is well positioned to benefit from the current aerospace boom.
Their web site is at fieldsair.com
If you are considering investing in FASI, be sure and do your own due diligence.
Any comments about this company would be appreciated.
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