Hope everyone is enjoying the recent upticks.....

AIR has gone up quite a bit this past week. I haven't seen any news that would give it a boost recently so I'm attributing it to either going along with the general market, catching up from what was probbaly an unwarranted sell-off or some combination of both.

Anybody seen anything in the last week or so that might be pushing this up ?

Cheers
Dave

Dave,

I have not seen a shred of news. Apart from the general market going up, I have noticed a slow but steady rise in a number of small-cap defense-related stocks. Of course, there may be some institutional buying propelling the price upward. Have you checked to see if the volume this past week has been higher than normal? That might tell us something.

Robert

Thanks Robert....looks like there is nothing out of the ordinary regarding volume....I'll take the nice slow steady ride upward though. Boring is good in this case.....

Dave,

At the end of March, I wrote this short piece on AIR:

http://transport.seekingalpha.com/article/30649

Robert

I remember reading that....looks like the market has brought it up to what you calculated as the fair value.....wish we had some news to update that value...

Let us know if you come across anything and if you revise those numbers...

Thanks for the insight,
Dave

Robert,

I did some calculating (using various free DCF calculators out on the market), and if we incorporate the stock's potential for volatility and the risk factor, the actual fair DCF value is more around $20-24 depending on discount rates used, and terminal growth rates, etc.


Any thoughts on this?

Thanks.
Chris