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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: MikeS97707 who wrote (33951)	3/26/2009 11:53:28 AM
From: Paul Senior	Respond to of 78764

Gee, that one DOES look pretty good for somebody who might be looking for high dividend yield, and having some confidence in a margin of safety. Mr. Willis seems confident of company's ability to produce profits in down economy as well as in up markets. There are small but somewhat persistent insider buys recently of the common by a large shareholder. Company has been profitable in each of past ten years. OTOH, I have taken a tremendous beating in aircraft leasing company stocks, and I read that aircraft parking (those cemeteries) are growing. So I don't understand how this company (aircraft engine leasing) is making its money. More review by me is required I guess. Back otoh, it's the preferred I'm interested in, it's a cumulative issue; I'm guessing dividend might hold even if common falls dangerously low. For a small buy, very attractive (to me) on balance. Thanks for mentioning.

To: MikeS97707 who wrote (33951)	3/26/2009 12:45:19 PM
From: George8	Respond to of 78764

On WLFC: I looked at its balance sheet and got scared. It is leveled something like 10 to 1. The debt level is so high that it is a turn off for me. Daily trading volume is so low that the market liquidity is a turn off as well. I cannot own it and I cannot trade it. I'll pass.

To: MikeS97707 who wrote (33951)	10/6/2009 2:53:17 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78764

WLFCP, preferred stock of aircraft lessor, Willis Lease Finance: I'm still holding my few shares. Buying a little of the common now. finance.yahoo.com Looks undervalued. On a p/bk basis though, the stock seems perpetually undervalued. Company seems to have been profitable every year in past ten; stated book value has grown, although slowly last several years. P/e is 5-6. D/e might be high at 3x. Maybe that debt ratio normal for the business/sector, but in today's world, perhaps it's very dangerous. Just a few shares of WLFC for me. finance.yahoo.com