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Stockchase Opinions

Gordon Higgins, CA, MBAGenesis Lease Ltd.GLSPAST TOP PICKJan 25, 2008

(A Top Pick Sept 12/07. Down 19.7%.) They lease airplanes and have long-term contracts. Liked their stable cash flows. Earnings are good and the dividend is good. Market is nervous about any company that has the name Lease or Finance in it. General Electric (GE-N) is one of their partners. An attractive Buy.
$17.68

Stock price when the opinion was issued

$5.96

As of Jan 18, 2022. Market Open.

transportation equip & components
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HOLD
Leases aircraft. Have financing out beyond a year. Cut their distribution in order to rebuild the balance sheet and make sure they have adequate capital. He is comfortable with this but the motion is against it at the moment.
BUY
He is confident in this one. This is the time to buy. They have the cash they need without borrowing.
PAST TOP PICK
(A Top Pick Sept 12/07. Down 39%.) Leases modern aircraft on long-term leases on very attractive terms. 14% plus yield. Still a Buy.
PAST TOP PICK
(A Top Pick Sept 12/07. Down 43%.) Commercial jet leasing to the major airlines. Recommended this before all the credit markets collapsed. Earnings have not been impacted. Orders are still going to be taken for the rest of the year. 14% yield. Still likes.
TOP PICK
Commercial jet leasing. Has about 9% yield. Have financing in place so will not have to come to the equity or debt market for at least another 12-18 months. Major airlines are continuing to order new aircraft. Good price. GE is a partner with them.