Although the fundamentals are great, that's nothing unusual, they've always been great. The price action and the volume tells me that a buy out is on the way. Ten per cent over book would be a fair offer in my mind.
I had been thinking buyout ever since the deal with Onex. However, buyouts are not usually preceeded by such action - they can reduce the buyout premium and makes a sale more problematic, and at worse smells of buying based upon insider information. Rather, the whole leasing sector is hot: AER preceeded FLYand AYR will probably be next up.
Edsha- While I agree with your post, particularly as it pertains to trading on inside information, the volume leads me to believe that a buyout offer is coming. If so it should happen within a short period of time. A year or so ago it would take a month to trade 900,000 shares.
I think the airlines are "up" and somehow the money people think air line leasing companies are airlines instead of financing investment vehicles. I see fly, aer, al, ayr as finance companies whereas the market sees them as airlines. Airlines are in vogue and thus we are up. While I Iike the attention, I also like getting the divi and accumulating shares that eventually would be very valuable over time. As for a "buyout" ... I don't think so; although I would like it if Fly bought AER.