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.
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.
Fly Leasing Ltd is a American stock, trading under the symbol FLY-N on the New York Stock Exchange (FLY). It is usually referred to as NYSE:FLY or FLY-N
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On 2021-08-02, Fly Leasing Ltd (FLY-N) stock closed at a price of $17.035.