John Rogers Comments on Bristow Group Inc.
- By Holly LaFon
Some holdings in the portfolio advanced considerably. Helicopter transportation company Bristow Group Inc. (BRS) ascended +46.83% after recently secured financing put Wall Street at ease. The Street had worried the company would become financially distressed like a top competitor given the oil industry's woes. Instead, Bristow arranged $300 million in debt, secured by a portion of its own helicopter fleet. In addition, oil rose during the year and the quarter, giving the stock a mild boost as well. We think its shares are undervalued given the company's significant assets and depressed earnings.
Warning! GuruFocus has detected 8 Warning Signs with BRS. Click here to check it out.
The intrinsic value of BRS
From John Rogers (Trades, Portfolio)' Ariel Appreciation Fund fourth quarter 2016 commentary.
This article first appeared on GuruFocus.
Warning! GuruFocus has detected 8 Warning Signs with BRS. Click here to check it out.
The intrinsic value of BRS