I didn't go into my latest round of due diligence on Atlas Air (NASDAQ:AAWW)
expecting to find a bargain. While the shares couldn't sustain the
spike brought about earlier in 2016 with a major agreement with Amazon (NASDAQ:AMZN),
the shares did start a strong rally toward the end of summer, and the
shares rose another 25% or so after the U.S. presidential election
(despite the uncertain ramifications of the new administration's
policies on international trade). And yet, while there are a lot of
unknowns about future margins and the air cargo supply/demand balance
still isn't great, these shares just might still be too cheap.
Continue here:
Even After A Big Run, Atlas Air May Have More To Give
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