Aircraft lessors.
AER:
Stock --now at .89 stated book value, p/e maybe 7-8, five past years of positive earnings, and decent profit margins -- is still a hold for me.
FLY:
Stock -- now at .78 book value, p/e maybe 6-7, dividend yield about 6%, high profit margins (unsustainable I suspect), only three years of public history -- is still a hold for me.
Earnings report for AER this coming week, so we'll see how they're doing.
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"debate from an intellectual perspective"
Walter Bagehot, maybe over an extended time-period an intellectual perspective beats any other kind of perspective in making buy/hold/sell stock decisions. I've primarily used a rote mechanical decision though to make my buy decisions here, and I'm okay with it. Given that you follow the industry closely and see many issues that prevented you from considering these stocks as buys, as you say even at cyclical lows, then what can be said? Perhaps fools rush in where wiser/more experienced people fear to tread. Sometimes that pays. |
