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FLY Leasing Limited Message Board

  • global717 global717 Feb 24, 2013 2:17 PM Flag

    hello, new investor here, doing due diligence on FLY, seems fairly priced

    how come no guru's on board here?
    is dividend safe even if market falls?
    thanks, probably start out with 1k shares Monday.

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    • Welcome to FLY.

      Fly is best of breed among the Leasing companies. It pays a stable dividend. Management has been timely in either buying back shares or debt. In 2009 or so it bought back large pieces of debt at 25c / dollar when all heavens were going nuts in the market.

      In 2011 they acquired 50 planes or so for literally no cash - but assumption of debt.

      The only bad thing is the recent sale of leasing managment company in a less than arms length transaction and the infusion selling of stock at $12 a share to some hedgefund. Fly should have amble cash to grow the business.

      If not, its an ideal take over candidate at around $20 a share that should only increase by 5 - 10% per year.

      Fly trades at a discount because of its size and relative obscurity, it is however the better investment.

    • Been here since 07 allways paid. fairly priced is probably right, mgmt made smart moves a few years back now the have their work cut out for them. They need to pay down debt and grow a little. New hedge fund just got in around 12$ little while ago . This vacillates from 14.5-11.95 but I will just keep reinvesting my divys till some one wants the whole thing at 10 % to NAV which should be 16.2$. Listen to their past cc. GLTA. P.S. There is a LOT of white noise on this board.

11.94-0.11(-0.91%)Aug 24 4:02 PMEDT