AIR FP

Airbus Group NV

Industrial/Transportation


Presented:10/23/2013
Price:€N/A
Cap:N/A
Current Price:€135.76
Cap:$119.68B

Presented

Date10/23/2013
Price€N/A
Market CapN/A
Ent ValueN/A
P/E RatioN/A
Book ValueN/A
Div Yield0%
Shares O/SN/A
Ave Daily VolN/A
Short IntN/A

Current

Price€135.76
Market Cap$119.68B

Presented by: Carl Kawaja, SVP, Capital Research Company at The Excellence in Investing: San Francisco conference

Highlights

Mr. Kawaja believes EADS is well situated to benefit from the supply/ demand imbalance for new, fuel-efficient aircraft. The company operates in a duopoly (with Boeing), and “there is a big moat around it” due to the technological advancements and scale needed to build large, fuel efficient aircraft. He does not believe air travel will revert to an historic mean. Rather it will likely continue to grow at a steady pace; in addition, the major airlines have money to spend for the first time in a long time, said Kawaja, who is also invested in a number of carriers (e.g., Japan Air, United). This provides an additional tailwind to EADS, and he sees the potential for shares to trade up to at least EUR 64 over the next 12-24 months.

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Idea Discussion

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