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Air T Inc. Message Board

  • tesiman tesiman Feb 8, 2013 6:27 PM Flag

    Stock Moving Up

    stock is up over 10% since Jan1

    there has not been any real resistance

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    • ...and its 50 day moving average will soon cross its 200 day moving average.

      Sentiment: Buy

    • tesi... I like the move. I picked up another 2,100 on Dec 14 at $8.48 to $8.54 per share.

      The question is: Who is doing the buying since Jan 1? Swenson hasn't filed a Form 4 since Dec. Could the Company be acquiring? Some small company mutual fund? The Company sure has the cash available to reduce shares outstanding.

      As we discussed, the equipment and facility maintenance business is a growth opportunity, and AIRT can perform these contract jobs for lower cost than can the airlines and other airport tenants. They could also compete and probably take share from government/airport authorities, if the work can be outsourced (away from less productive, unionized work forces).

      Sentiment: Buy

21.26-0.04(-0.19%)Aug 24 2:58 PMEDT