I hope so, as I loaded up at 55c
At 45 c per share and $13 mil profit, that means, you buy the company for about $32 million in july '15 (market cap minus fy15 profit).
even if contracts get downgraded, the p/e ratio is very compelling, debt is cheap and there are assets to cover the debt.
The company should sell a bunch planes and buy back their shares at these prices!!!
they can then lease planes off others until conditions become more predictable.
I hope so, as I loaded up at 55c At 45 c per share and $13 mil...
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