I can’t complain as much these days about the Street not really giving AerCap (AER)
shares their due. True, I still think the shares are undervalued and I
think the Street undervalues the company’s ability to create value
through its leasing operations, and I’d note the implied private value
of the company’s fleet is above the market valuation, but I’d also note
that the shares are up more than 15% from my last article on the company.
I’m
still bullish on AerCap and I still believe this is a good core holding
for patient investors. Some readers will no doubt be frustrated by the
company’s preference for buybacks over dividends, but I believe the
long-term potential rewards are worth it. More competitive lease rates
are definitely worth watching, but I believe there is still money to be
made from these shares.
Read the full article here:
AerCap Sticking With A Value-Creating Strategy
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