Genesis Lease Limited (ADR) (GLS)

Solid and simple business model. Low risk stock at a low price. Airline related companies should do well as the global economy improves..

Following Bullish Babo. Genesis Lease is a commercial jet leasing company that is selling for 0.37 times book value. For the time being, the company's 8% dividend yield looks safe. Although it sells like a bankrupt, the company looks financially sound to me. Should increase to book value someday.

$182M small cap industry play with plenty of room for growth and/or acquisition when the market becomes more liquid. Not familiar with the debt profile, so this could be a concern. Would like to do more research but with earnings coming up I am very interested in picking this now. A very supportive article is below.

http://seekingalpha.com/article/150349-genesis-lease-finally-buys-another-plane?source=yahoo

Profitable and growing over the last year. Priced not to grow. Also, 8% yield, should outperform.

GE handles some of the heavy lifting for this company, Leases new cost efficient aircraft.

Genesis Lease has excellent management. It is positioned well to benefit from the economic recovery. Revenue and income will increase faster than the S&P 500. At the current price, the dividend is very attractive.

overlooked; dividends

See the big picture, The Indian aviation sector will have to be invested in aircraft fleet augmentation in the next 10 years, , according to aviation consultancy Centre for Asia Pacific Aviation (CAPA).

The aircraft leasing business will return. This is a good play on that area. GLS has a good biz model and will survive this time.

Near term this will flounder a bit, but these price levels are cheap compared to the biz model when the recession is over.

LONG TERM PLAY

Fleet is leased - most fuel efficient planes on market. Has a line of credit to grow.

Highly speculative investment. Allocating 1% of total portfolio, setting DRIP on and won't touch for 5 years.

Company's thesis-that airlines will need their young, fuel-efficient planes even as the airlines themselves struggle-has held up. As economy improves, and assuming fuel prices go lower, investors will realize the high yield is not only attractive, but safe.

Who wants a 15% dividend? Come and get it with Genesis Lease Limited. You are also buying the stock at 4x cash EPS and about 10x GAAP EPS. Genesis is an aircraft lessor priced as if the world will end (well, almost).

The dividend is well covered by cash flows - Genesis generates 2x the cash needed for the dividend (cash payout of roughly 50%). They don't have any planes on order, so they won't need to conserve capital, unlike competitors.

Genesis also has the extra benefit amongst its competitors of a strong relationship with GECAS, a GE subsidiary and the gorilla of the aircraft leasing industry. This means it doesn't have to do any of the dirty work associated with leasing (repossessing planes, refurbishment) and it also ensures them with a steady supply of aircraft.

All in all, the yield alone makes this company a steal here. The risk is a reduction in lease rates, airline bankruptcies, and GLS has planes at United and American. These risks are well-priced into the stock, though, and there should be huge upside if sentiment changes.

Say they cut the dividend in half, they're still paying nearly 10%. Look how fast the Aloha planes were snapped up. I think they're going to be doing better as soon as the oil bubble pops.

dividend screener pick, PEG <1, P/B <1 great yeild

stock hammered recently due to association with financial and airline stocks, but earnings and dividend should be secure until market awakens to the continuing and growing demand to lease fuel efficient airplanes

New 52 week low. Double down on losing position.

more newer & energy-friendly planes are needed, and with the tight credit environment today, they are needed to be leased but not brought

Still pinched under the credit crunch. I believe with the dust clears, with there relationship with GE, solid credit facility, and fully leased planes cash flow will be great. Dividend will increase and a nice appreciation in PPS. Our recent run and pull back is only temporary.