AL

Air Lease Corp

Industrial/Transportation


Presented:08/15/2018
Price:$44.69
Cap:$4.65B
Current Price:$43.79
Cap:$4.88B

Presented

Date08/15/2018
Price$44.69
Market Cap$4.65B
Ent Value$15.40B
P/E Ratio6.24x
Book Value$41.68
Div Yield0.9%
Shares O/S104.07M
Ave Daily Vol624,974
Short IntN/A

Current

Price$43.79
Market Cap$4.88B
Air Lease Corp. engages in the provision of aircraft leasing business. It focuses on purchasing new commercial jet transport aircraft directly from aircraft manufacturers, and leasing those aircraft to airlines throughout the world with the intention to generate attractive returns on equity. The company was founded by Steven F. Udvar-Hazy in February 2010 and is headquartered in Los Angeles, CA.

Publicly traded companies mentioned herein: AerCap Holding NV (AER), Airbus SE (AIR FP), Air Lease Corp (AL), Boeing Co (BA)

Highlights

The presenter is long shares of Air Lease (AL), identifying it as a “simple, but well-operated” company, with high visibility into earnings, that’s best positioned among peers to benefit from secular tailwinds for aircraft leasing. He models 20% - 30% earnings growth for the next 2 - 3 years, and sees the potential for multiple expansion. If correct, the stock could more than double from the current $44 level.

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Idea Discussion

Commentor 1 - 2 weeks ago

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