+ Watch AER
on My Watchlist
An integrated aviation company, engages in the trading and lease of aircraft, and sale of engine parts worldwide.
Target $54 - $63
Selling for 9x 2015 PE. G&D newsletter, lots of hedge funds hold it
Greenlight Capital pick. Leases airplanes. Bought AIG's leasing business at attractive price and executing well.
It's funny to say this because AerCap's stock more than doubled since the announcement, but I don't think that Mr. Market full appreciates how cheaply the company purchased AIG's airplane leasing business for and how much it will benefit it. Courtesy of the excellent Reminiscences of a Stock Blogger blog, AER received a $6 billion discount to fair value for the new business, which will help fill out its order book with a ton of near-term deliveries, is accretive to earnings and should enable it to make money on the discounted planes that it purchased that are scheduled to come off-lease in the near future. Add to that the fact that it should be able to refinance much of the ILFC debt at cheaper rates to save even more money down the road. And the fact that the tax inversion the company experiences as one that has its headquarters in Ireland rather than the U.S. will save it even more money. If the company doesn't mess up the integration of its new portfolio 50% to 75% upside in the stock is very possible.Jason
Growth rate is higher than PE. PE is lower than SP500
So, far it is going great since I bough the shrare last week.
Oil prices will be a headwind, but the value of their assets is in the $17-20 range. Very positive long term growth in airplane leasing. Might be a waiting game, but there is significant value in this company that is not currently reflected in its price.
The world air fleet is getting ancient. The closing and merging of airlines have really just provided "airplane scrap" for the junkyards. Questions of growth, expanding developing economies lend to the leasing of newer aircraft from companies like AER
AER is prepareing for take off.
Great company, airlines are stronger now so future earnings and profits are assured.Massive short interest, got to be feeling some pain.
Good growth and earnings.
08 EPS: 1.79 pe 5.109 EPS: 1.92 pe 4.7610 EPS: 2.01 pe 4.54
AYR is a well managed aircraft leasing company that is undervalued. It also leases aircraft engines.
Very low valuation in a business (aviation leasing) that will inevitably grow in the long term. Price suppressed due to fears of airline failures and fuel cost/ supply concerns
low valuation; biggest beneficiary along with the recovery of global airline market
Low relative PE, good star ranking, PEG & 09 PE still below normal - bottom fishing - 8/3 picks
Future has gone for disaster to explosive.
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