Elliot, thanks for such a detailed response.
First of all, to your question of what brought it to my attention, unfortunately it was just dumb luck by me.. kind of looking through IBD for high RS and EPS and Accum/Distrib and came upon it. When I first looked a month or two ago the #'s were a bit better than they are now. I say "unfortunately" because it would of been better for shareholders if I heard of it of a more traditional way.. meaning AIRM was getting the word out of just how undervalued they are.
A few questions/comments:
Yahoo did not make a mistake on the earnings estimate. The analyst from Brous and company is projecting earnings of 57 cents and she does not include some very exciting upside potential.
Who is Brous and Co? Never heard of them.. and no I dont expect a tiny co. like this to have Merril Lynch following it, but what is Brous' track record? Just curious. Is it a regional brokerage?
The BOD brought in some new management, lead by the CEO, George Belsey. George is an extremely competent quiet fellow who has
the company pointed in the right direction.
Who is G. Belsey? Im just curious why you say competent other than perhaps talking to him. Does he have a track record as CEO of another company?
Mr. Todd repeated his policy of not commenting at all about earnings or sales prospects. IMHO this policy has cost the shareholders very significantly in the market value of their investment and works against the business plan for the company. And I have told the CEO that opinion directly.
Im glad you spoke up. While I could see them not commenting about earnings, why not sales prospects? Or potential markets or expansion? I would prefer a company NOT to hype itself, but management should realize shareholders are part owners. Perhaps Mr. Belsey is paid straight salary and doesnt have stock options or incentive plans tied to the stock price. Whats the insider ownership on AIRM? Does the CEO and CFO own any?
Air Methods does plan to hire an IR firm in the next few months.
Sounds good but once again, why are they waiting? Seems curious.. they arent a start up or IPO.
You should understand that this past summer the company acquired Mercy Air in California, and Mercy added nearly 5 cents to the q3 number with only 60 days of inclusion.
Yes, that looks like a really good acquistion.
Elliot, do you know of any competitors or even public co.'s in similar line of work? Im really interested in what their PE mutiples are, would help value AIRM.
I think its telling what the very 1st sentence is on the very 1st post of this board "it is frustrationg to hold this stock especially in this hot market." Seems like not much has changed in a year!
That is why Im holding off.. perhaps in late January or after the report we will take off. Or maybe something will happen before then. Like I said earlier, I dont like "dead" money so for now Im going to watch it closely and when it moves I will jump on.
Good luck & it looks good from what I've heard so far.
-Mark |
