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FLY Leasing Limited (FLY)

NYSE - NYSE Delayed Price. Currency in USD
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13.13-0.09 (-0.68%)
At close: 4:02PM EDT
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  • C
    Cracker
    Cracker
    Up on heavy vol. Finally someone thinks that at about $6 under book is far too cheap!
  • C
    Cracker
    Cracker
    Continued low rates good for the sector esp FLY.
  • L
    Lauren
    Lauren
    If we are to go off the RSI then you could argue that a pull back next day or so could occur on FLY before rallying up. Not sure how awesome*sto-cks finds all these incredible trade ideas but im happy.
  • C
    Cracker
    Cracker
    The earnings report was much better than I expected. They are getting their ducks all in a row whether for a sale or to try and compete. they again lowered interest expense by $2 mil this yr. and they had to be in the market almost daily buying 2 mil shares and still have $29 mil to buy back shares. Book is $19.06 and all planes are leased. I feel at $13.50 this co is undervalued.
  • K
    Kylie
    Kylie
    The scenarios are quite interesting at current levels for FLY. Yo you should really check out awe-some*sto-ck*s, they seem on point with their stocks.
  • C
    Cracker
    Cracker
    Good to see buyers come in. Oversold, at almost, $6 under book.
  • A
    Anonymous
    Anonymous
    Even with the purchase of 4 planes, FLY is the case of the Incredibly Shrinking Company as to revenues. But 2 million shares bought back IS significant. Only going private is a logical conclusion, and what few analysts will be there for the CC will certainly revisit that.
  • K
    Kevin
    Kevin
    find out tomorrow, too bad the segment took a hit today with AL, AYR, and FLY all down fairly big.
  • C
    Cracker
    Cracker
    Continued quiet accumulation for mos. Buyers continually come in on any weakness. Are we finally getting a sale or will the co. go private?
  • C
    Cracker
    Cracker
    Looks as though the sector is breaking out. Is the co still buying back more shares this Q? Someone has been buying. Will book be closer to $20
  • A
    Anonymous
    Anonymous
    Purchase of 4 new planes is positive and negative. Positive impact on earnings, but negative in that it puts off the day of reckoning when the company goes private or is taken over.
  • G
    Gambler
    Gambler
    Does anybody see any scenario where FLY reinstates some amount of dividend in the next 12 months? I bought this for the dividend, and feel I have waited almost long enough.
  • C
    Cindy
    Cindy
    Do you think this thing is done selling? Showing us a buy signal now on FLY? check out awe.some.stocks, its a pretty reliable service. of course you have to do your own due diligence, but they generally point you in the right direction.
  • G
    George
    George
    In excess of a half billion in unrestricted cash. The company can easily afford $32 million for a $1 dividend. This action would attract many new investors seeking a reasonable dividend. If the dividend were reinstated the share price would rise to $15-$16 plus in a very short period of time. Every thing is in place, one of the youngest fleets, decent interest on debt, increasing airline traffic, sufficient cash to grow the fleet and way undervalued compared to it's peers. In the past FLY management was very committed to the dividend. This changed when ONEX bought into the company. It almost appears that management wants the share price to languish to set up a low ball offer to take it private.
  • K
    Kim
    Kim
    I think FLY is due for a pullback. What are your thoughts? Yo you should really check out awesom-eSTOCKS, they seem on point with their stocks.
  • N
    Noman
    Noman
    FLY is the place where bad news is good news. Where FLY MIGHT buy planes if the Chinese can't compete anymore. Or if some airline in financial distress suddenly has more planes to unload than the market can soak up. Etc.
    But then, perhaps, at some point they'll throw in the towel and BBAM will figure that going private then taking a super dividend from the treasure trove of unrestricted cash, or selling the portfolio off to the highest bidder or makes more than the current 'management' fees. Or Barrington will finally retire. Or they'll finally become serious in buying back shares. Or . . .
    Until then it's a waiting game.
  • T
    TUPHKAT
    TUPHKAT
    After a very quiet 2016, the company is now moving ahead with an aggresive acquisition program. $300M in acquisitions have been completed since quarter end and this is the first we here about it. How is the stock supposed to move up if the management doesn't even announce major acquisitions with a press release? At least they are now putting their cash stash to work. This management is awful at keeping shareholders informed. They should also us some of their cash to reinstate the dividend, which never should have been stopped in the first place Let's hope we start seeing long-suffering shareholders rewarded in 2017 with earnings growth and a stock price that reflects the value of the assets. I bought this company when I sold Aircastle after it ran up but FLY has been a lousy investment for me. No income or capital gain just dead money. .
  • A
    Anonymous
    Anonymous
    Just a couple of observations: first, FLY has stopped issuing press releases not related to earnings for quite a while now. While there is little activity related to acquisitions or sales, it also reflects management's diminished interest in interacting with its shareholders. For example, there was never any announcement of the settlement of the spate of class-action lawsuits.
    Second, the really low trading volume is evidence that FLY has stopped or greatly diminished its buyback campaign, even with the PPS in the high 12s.
    And with each quarterly report, BBAM's participation in the conference calls becomes more pronounced.
    It would seem that the future of FLY, whatever that will be, has already been determined.
  • A
    Anonymous
    Anonymous
    One additional observation re FLY: Traditionally, at the top of a bull market phase such as we've had since Trump's election, stocks that have not gone up with the rest of the market are bid up in price. That would have been FLY if the last quarterly had not been so negative. But there is another chance of that happening on May 11th, provided of course that another stink bomb is not dropped at the CC.
  • G
    George
    George
    Q1 ended w/o the purchase or sale of any airplanes. This, despite the company reporting having in excess of $580 free cash on hand at the end of 2016. Management did state during the last conference call that completing deals that made sense