Fly Leasing, Ltd. (NYSE:FLY)

CAPS Rating: 4 out of 5

The Company was formed to engage in the business of financing as well as acquiring, leasing and selling commercial jet aircraft to airlines.

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Member Avatar blesto (31.79) Submitted: 6/16/2014 7:03:09 PM : Outperform Start Price: $13.84 FLY Score: -7.96

Graham Number Valuation Range(GNVR): $28.59 to $31.88

Start price should be around $14

Also the dividend is sarting to increase again. Now at $0.25 per share. Hoping to eventually see increase back to former levels from over 5yrs ago.

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Member Avatar capemaygoodie (45.81) Submitted: 3/30/2014 3:26:25 PM : Outperform Start Price: $14.59 FLY Score: -16.84

aging commercial airline fleets cannot keep pace with the incrreasing demands of air travel, nor will the replenishment of the flleet meet expanding demand

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Member Avatar vaderblue (< 20) Submitted: 1/10/2014 1:55:08 PM : Outperform Start Price: $15.79 FLY Score: -25.49

Everyone loves leasing. Fly fundementals are great and a good dividend that I would be proud to have in my protfolio. Long

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Member Avatar brigidl (74.84) Submitted: 6/30/2013 4:11:21 PM : Outperform Start Price: $15.92 FLY Score: -41.01

Its the dividend is that makes the difference.

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Member Avatar Skylar0614 (66.31) Submitted: 4/17/2013 12:09:21 PM : Outperform Start Price: $13.78 FLY Score: -33.48

About to take off

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Member Avatar TheArchivist (43.84) Submitted: 3/6/2013 4:35:18 AM : Outperform Start Price: $13.52 FLY Score: -31.55

As global passenger flows increase the entire industry of aircraft leasing should benefit.

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Member Avatar wowiraptor (< 20) Submitted: 3/8/2012 6:47:55 PM : Outperform Start Price: $11.75 FLY Score: -33.41

Here's a cool airplane leasing company for you to consider. Led by Colm Barrington former President of GE Capital Aviation Services Limited currently CEO and a Director of Fly leasing. Fly leases large aircraft 747's and A-20's make up most of its fleet. They released the 4 Q and Full year reports this morning. 4 Q beat analysts forecast on revenue by $0.38 cents a share. (There are very god reasons for this) Its now trading at 13.70 ish range. A 13 times multiple of the 2011 eps is approximately $18.00 per share. The book value per share currently is approximately $17.46 per outstanding share. So this play has a %22 upside on book value alone and a 24% upside potential on the 2011 earning multiple of 13 time.

This does not take into account that its revenue should maintain the current $0.80 per share in the coming Q's since the company's fleet size nearly doubled in the 4Q 2011 which is why the revenues spiked. On top of this they have issued consistent $0.20 quarterly dividend since its IPO. Which at a share price of 13.70 = 5.8% return.

If the company maintains its current EPS of $0.80 in a quarter that would mean nearly $3.20 per share annualized. If the company begins to be traded for its revenue per share a 10 Times Multiple it means this stock should see $32.00 per share based on earning but at a 13 times multiple $41.60 per share. Truthfully the stock has been so under the markets radar that I do not believe it will see north of $22.00 as its market cap is too low for traders to consider it a worthy stock.

To boot all this good prospect the company only has 25.6 million outsanding common share and last bought back 1.1 million in the last year alone. Management saw that the market has undervalued the company for quite some time and they took advantage of this to repurchase significant portions of the company stock.

On top of this FLY owns 20% stake in BBAM, which also leases Fly's aircraft as well as a significant portion of the rest of the industry's other airline leasing companies so FLY derives revenue from 2 differing sources within the same industry
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Edgar: http://www.sec.gov/Archives/edgar/data/1407298/000119312512102361/d312334dex991.htm

http://www.4-traders.com/FLY-LEASING-LTD-416516/news/FLY-LEASING-LTD-FLY-Leasing-Reports-Fourth-Quarter-and-Full-Year-2011-Financial-Results-14204600/

and yes I have been a holder of fly for 1.5 years and have a substantial position.

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Member Avatar OrionNebula (31.90) Submitted: 8/26/2011 5:55:30 PM : Outperform Start Price: $9.91 FLY Score: -34.24

This is a play on the ability of highly-leveraged dividend-paying companies to outperform in the current interest rate environment.

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Member Avatar useless33 (63.95) Submitted: 8/21/2011 12:34:48 PM : Outperform Start Price: $9.80 FLY Score: -39.07

Cheap money + high Jet A prices = good business for these guys.

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Member Avatar stevepcarter (< 20) Submitted: 2/2/2011 3:12:17 PM : Outperform Start Price: $11.60 FLY Score: -39.33

solid company with predictable earnings growth

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Member Avatar FremontFred (< 20) Submitted: 1/31/2011 11:12:26 AM : Outperform Start Price: $11.22 FLY Score: -38.32

With the economy turning around leasing should increase. The dividend is a plus.

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Member Avatar ETMatyahoo (44.17) Submitted: 1/25/2011 3:25:03 PM : Outperform Start Price: $11.25 FLY Score: -37.96

While not a fan of its current fleet, I believe that this ex-Babcock company will jump on the dirigible bandwagon as soon as possible. Heavier than air aircraft are definitely not part of the future.

Sorry, Boeing! Engines still needed though, GE !

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Member Avatar 5SsmallcapDIV (75.58) Submitted: 1/18/2011 10:32:43 AM : Outperform Start Price: $10.92 FLY Score: -33.94

5 STAR, Small-cap, dividend payer

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Member Avatar investingnoob (26.80) Submitted: 1/17/2011 10:54:51 AM : Outperform Start Price: $10.98 FLY Score: -34.66

Solid business plan. But, they have a lotttttt of debt to pay off beginning in late 2012.

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Member Avatar LattePup (96.06) Submitted: 10/21/2010 12:00:12 PM : Outperform Start Price: $10.64 FLY Score: -45.04

Good PE and good dividend

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Member Avatar KurtEng (31.13) Submitted: 10/21/2010 11:49:00 AM : Outperform Start Price: $10.60 FLY Score: -44.37

P/E of 6.8 and a dividend yield over 6% make this stock seem like a rdiculously good deal. With airlines doing well I expect demand for leases to remain high, so the downside doesn't seem bad. Insider ownership is nearly 15%, which gives me an extra vote of confidence.

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Member Avatar RobfromBoston (< 20) Submitted: 9/30/2010 7:49:53 PM : Outperform Start Price: $10.64 FLY Score: -49.87

low PE great dividend... stock buy back in process...

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Member Avatar jmlin1 (< 20) Submitted: 9/29/2010 12:04:07 PM : Outperform Start Price: $10.22 FLY Score: -45.32

Good divined yield, Air travel is coming back and ticket price stable. Air plane leasing should benefit from this trend.

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Member Avatar HarryCarysGhost (99.70) Submitted: 9/17/2010 2:17:34 AM : Outperform Start Price: $9.94 FLY Score: -44.13

Look, up in the sky

It's Superfly.

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Member Avatar Sileus (< 20) Submitted: 6/17/2010 9:18:32 PM : Outperform Start Price: $9.19 FLY Score: -35.40

Sound fundamentals.

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