There are many positive factors influencing my investment in this company.
- amazing yield, even if it got cut in half - currently ~16.5%
- below book value
- below intrinsic value
- young fleet (I believe the average age is ~ 6.5 years old)
- well diversified by company and by market
- heavy investment by GE Financial
- principals well experienced in sector
- misunderstood by mainstream investors - it seems to move against the price of oil when it should if anything move with the price of oil as higher oil prices causes airlines to shudder their older planes and lease newer more fuel-efficient planes
- air travel still growing globally (even if not in Americas)
- short interest at ~5 X daily
Let me know what you think.
$11.41 (07/20/08)
