Boeing has had ongoing production problems for years and Airbus is being held back by supply chain issues.  The resulting shortage of commercial planes means that already built and functioning planes are more valuable.  Through the stock of Air Lease, we believe investors can own planes and the associated leasing income for a big discount and represents an attractive opportunity.  While the stock currently trades under $43 per share, we believe it is worth $65-$100.

The early 2000s saw a string of scandals involving the likes of Enron, Worldcom, Tyco, Freddie Mac, and Healthsouth in which many companies used “creative accounting” to inflate reported profits to deceive investors.  The lesson Wall Street took away from that debacle was to focus on cash flow under the notion that it was more difficult to fake.  Except, there was just one teeny, little problem.  Opportunistic managers picked up on this and started some new shenanigans. 

The year is 2030. You are planning your annual spring break trip. Normally, you’d fight long lines at the airport or divide the driving among the adults in shifts as you scurry to the beach before exhaustion overwhelms the whole family. Not this year.

For the amateur investor, platforms like TikTok, Instagram, and Reddit open the doors to “financial enlightenment”. Trends emerge and fads flourish, often at the cost of sound investment principles. Fear and greed are the greatest barrier to making intelligent investment decisions. Currently, normally sensible investors have been greed-lusting (I’m trying out this phrase) over everything from crypto to AI.