Stock price when the opinion was issued
Leases aircraft to a lot of the major mobile carriers. Have over 100 planes. Dividend of 6.46%. Recently wanted to improve their balance sheet and use money for consolidation. BV of around $20. Did a share offer at about $14, which was a little upsetting. Stock went down below $13 but is now working its way back up. Good management.
This company basically buys up airplanes and then lease them out to airline companies globally. The business model sounds fantastic and was doing really well for a while. He sold his position about a year ago. Doesn’t like the business plan right now. Stay away from this for now.