Coverage Group – Interest rate impact on valuation. Stockholders get a one-two punch from increases in interest rates. First, there is simply valuation math. The present value of future cash flows, one of the most popular equity valuation methods, is lower when a… You need to be logged in to view the rest of […]
Category: ATSG
Weekly Comments – April 3, 2023 – Coverage Group
Coverage Group – Annual check-up on excess returns. Based on most recently reported 12-month reported financial results to each company, two-thirds of our coverage group meet one of the most important criteria in the fundamental component our selection process. You need to be logged in to view the rest of the content. Please Log […]
Weekly Comments – January 23, 2023 – Coverage Group
Coverage Group – How is the January Effect faring in 2023? With a hint of slowing inflation, there is some confidence improved investment returns in the year 2023. However, few investors have allowed themselves to dream too wildly. The small-cap… You need to be logged in to view the rest of the content. Please […]
Weekly Comments – December 5, 2022 – Coverage Group
Coverage Group – Steepening yield curve? Triggered by economic disruption and supply chain inflexibility, inflation has been the theme of the last twelve to eighteen months. The risk of recession has not been dire enough to dissuade central bankers from increasing… You need to be logged in to view the rest of the content. […]
New Coverage – Air Transport Services Group (ATSG)
In the year ending December 2018, Air Transport Services Group (ATSG) reported a 12.4% operating profit on $892.3 million in total sales. Revenue for the year was down 16.5% compared to the previous fiscal year as competitive conditions grew more intense. However, we expect shareholders to shrug off the bad news at the top-line and […]