Air Transport Group (ATSG)
shares have done well over the past year, but the shares have been
stuck in a $6/share trading range since May, as inconsistent execution
has blunted some of the benefits of the company’s transformative
relationship with Amazon (AMZN).
Despite those inconsistencies, management continues to build the
business outside of Amazon, adding more 767 customers and launching a
long-term effort to expand its potential operating fleet.
I
believe Air Transport still has some upside from here, driven by my
expectations for high single-digit revenue growth and improving free
cash flow generation. I also believe that significant upside remains in
the Amazon relationship, as Amazon seems to be serious about building
out its independent logistics operations.
Click here for more:
Air Transport Not Just An Amazon Story
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