Like old ex-girlfriends who surprise you occasionally by coming back into your life, so too with stocks.
Aircraft fuel supplier INT has dropped to where its price/sales ratio is .04. Which is very low imo.
After an absence of several years, I'll start up a few shares again. For INT, stated bv has increased every year since '99. Cash exceeds ltd (Yahoo numbers).
INT provides fuel services to the aircraft, marine, and ground transportation sector. Primarily though to aircraft.
Possible that with announcement of major carriers cutting back routes and flights, that there will be less demand for INT's refueling services. OTOH, imo INT excels at supplying 2nd (and 3rd) tier airlines with fuel, and these companies will still be flying as much as possible. INT's competitive strength is that it is able to assess the payment ability of these carriers and cater to them ("Our services range from fuel supply, credit and fuel-price risk management services to ground handling arrangements, overflight and landing permits, flight planning and weather information." ) Such proper assessment is important because several of these lower tier carriers seem to go bk each year.
First q report here:
biz.yahoo.com |
