Aercap – full value of ILFC acquisition is not in the stock
I got the idea for Aercap (AER) after listening to a Bloomberg Taking Stock podcast with Martin Sass. Sass recommended Aercap along with American Airlines (another company I am in the process of looking at) as he’s gone from hate to love on the airline industry. He called Aercap’s deal to acquire ILFC “transformative”, pointing out that it “will make Aercap Holdings the #1 aircraft leasing company in the world”, and yet that “it’s trading at only 8x earnings.”
On Thursday I tweeted a few reasons justifying my position in Aercap. You want to read these from the bottom up.
In this post I am going to follow up on that tweet with a more detailed description of my investment thesis. Read more
Reminiscences of a Stockblogger 