As its name implies, Air Lease (NYSE: AL) acquisitions aircraft and rents them to airlines. Its stock dropped 16.6% from $32.12 to $26.78, cutting 33 basis factors from the FundAAAs return. The business reported better-than-expected earnings as well as held an upbeat investor day where Air Lease highlighted its expectation to increase its airplane fleet over the next 5 years. Nevertheless, the stock dropped because of worries that slowing global growth can negatively impact air website traffic. Regardless of this concern, our company believe long-lasting air travel demand will certainly remain durable, and airline companies will certainly continuously make use of the financial flexibility supplied by leasing. From Jerome Dodson (Trades, Portfolio )’s Parnassus Fund 2nd quarter 2016 commentary.About GuruFocus: GuruFocus.com tracks the stocks choices as well as profile holdings of the world’s ideal capitalists. This worth spending site supplies stock screeners as well as valuation tools. And publishes daily short articles tracking the most up to date relocations of the world’s best investors. GuruFocus also provides encouraging stock ideas in 3 regular monthly e-newsletters sent to Costs Members. This article first appeared on GuruFocus.
The views as well as opinions expressed herein are the sights and opinions of the author and do not necessarily show those of Nasdaq, Inc.