Someone puts up a few thousand shares for sale so they can get your shares on the cheap. Whether its so the co can buy back shares or someone else buying, this is getting ridiculous. This is the time where FLY has to do something esp with Gecas back in the picture. Their young fleet is getting older. Go private or put yourself up for sale
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.
Continued low rates and collapsing oil prices. Great for lessors and airlines. FLY, DAL and esp AER are my favs
Perhaps a short-term pull back is more likely before the next rally on FLY? have you guys heard of AWEsome_STOCKS. i started receiving their allerts and so far i am happy.
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.
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.
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.
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.
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. .
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.
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.
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
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks May-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is 0.2 In other words, the correlation coefficient of the other stocks
Who would be foolish to give up your shares under $18.40 book. Appears as though shareholders aren't stupid as vol at 13500 after 2 hrs of trading. Hold tight!!
Why? As of the end of 2016 there were 32.3 million shares outstanding and the company reported $580 unrestricted cash on hand ( $17.96 per share). They also reported having $380 million in unencumbered assets. This sum combined with cash on hand totals $960 million ($29.72 per share). For 2016 adjusted net income was $79.3 million or $2.38 per share (current pe of 5.37).
At $5-$6 under book co said share price was too expensive to buy back stock. When the last 2 lessors were bought out at book I find this incredible. Public cos are expected to work for the shareholders. I would be open to sueing these people.
Since management announced the massive dilution at $14 when the shares were trading at $17 plus and rising during mid 2013, the share price has been mostly range bound sub $14. Just re listened to the Q4 conference call. Here are a few takeaways from that call. Thus far for Q1, no new purchases of airplanes despite in excess of $500 million in free cash on hand. Re purchase of shares for Q4 slowed dramatically, possibly 200,000. despite ample cash to continue buying aggressively. While addressing the slow down in the program they gave the impression that in the $13-$14 range the stocks no bargain despite the newly revised $18.29 book value. Not much info on the three planes purchased in the 2011 package that caused the huge write down. Seems strange that they didn't have a clue that the airplanes were massively overvalued for all that time.
Mr Market no longer trusts management. There is no logical reason to remain long despite the great fundamentals, (great value and market conditions). There has to be a reason that fly has languished while it's peers have at the leastpaced the market
Just a reminder that the last 2 plane lessors were bought at book value. If the co wants to take FLY private book value is now at about $19.
AYR is speaking at a conference today at 3:30. I would expect an analyst to ask them about the write down of those large planes by FLY. Then we will really should know what's going on!!
Is FLY undervalued? This sort of setup suggests potential upside... Yo you should really check out awesomestoc-ks, they seem on point with their stocks.