Picked up shares of EAC an old favorite at $3.43. Longer term holding with a position in a moat business, helicopters fighting fires and providing other services, which there could be plenty of this summer. Should earn over a $1.00 in 2016.
Erickson Incorporated provides aviation services to commercial and government customers. The company?s fleet supports a range of aerial services, including critical supply and logistics for deployed military forces, humanitarian relief, firefighting, timber harvesting, infrastructure construction, and crewing. It also manufactures aircranes and related components; and provides other aftermarket support services, as well as maintenance, repair, and overhaul services for the aircrane and other aircraft. In addition, the company leases aircrafts for specific missions. As of December 31, 2014, it operated a fleet of 86 rotary-wing and fixed wing aircraft, including a fleet of 20 heavy-lift Erickson S-64 aircranes. The company was formerly known as Erickson Air-Crane Incorporated and changed its name to Erickson Incorporated in April 2014. Erickson Incorporated is headquartered in Portland, Oregon. |
