AIRT, a stock in which you and I are interested: I got a fill for a few more shares of this very thinly traded stock this afternoon.
Here's my summary of AIRT, fwiw:
I'm hesitant about AIRT because it's a dink company, that has an operation that manufacturers and services equipment used in aircraft ground support operations (Division Global "manufactures, sells, services and supports aircraft deicers and scissor lift trucks, as well as other specialized industrial service equipment...") Equipment purchases seem to me to be something that customers can postpone. AIRT provides "air cargo services to the air express delivery industry". I would be guessing AIRT's businesses would be hurting quite a bit in this recessionary environment.
So far not. Although profits past quarter were up because of a gain from a legal settlement, the company seems to be doing okay.
I like the stock looking in the rear view mirror. There have been profits in each of the past ten years, roe's averaged over 16% last five years, there's relatively little ltd, cash&short-term investments are $1.82/sh (per Yahoo), stated book value is generally rising and now stands at $8.63/sh. Stock is trading under $6 and there's a $.3 dividend.
si.advfn.com^AIRT |
