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Air Transport Services Group, Inc. (ATSG)
NasdaqGS - NasdaqGS Real-time price. Currency in USD
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594 reactions on $ATSG conversation
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Analyst all say good things about ATSG great earnings and revenue increases. Yet ???? As even the FANG Tesla etc stocks off 25 30 even 40% all
WOW, ATSG has held up very well under this recent volatility.
What a great stock, didn't have to sell a share. Held up nicely.
Numbers will be released today, Thursday May5 after the market closes.
The CC as always will be the next day Friday, May 6 @ 10:00am.
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Air Transport Services reached an all time high at 33.34
Guys this had a bull flag pattern forming so I buy yesterday and see big green today
I think we are heading to $35.00 this year. Just can't stop this. Even on big market down days its the only green on the screen, always. So disgusted I missed those $24.65 shares a few weeks ago.
Fri Market close PPS \_______\
No followers of ATSG. I am surprised. I have held assorted amounts for many years. I used to post under humvee5000 handle. Any people still around from then? Presently I believe ATSG will continue to grow its top line and earnings each quarter. We have the possibility of them being completely bought out by Amazon but that in my humble opinion is far from assured. Their conversion of passenger planes into freighters is pure gold but the financial gain is partially hidden because they lease out the converted planes so the gains are spread out over the life of the leases.
I love this, my broker info page has these 2 articles listed:
Air Transport Services 4Q Loss $4.33M
ATSG Reports Strong Fourth Quarter, 2018 Results
Whats a guy to believe. ATSG is growing and I'm holding ... just saying.
Cargo Facts reporting that West Atlantic Group accepted what amounts to a takeover offer from Spain-based LUSAT Air S.L., the holding company that owns Aviation Leasing Spain, Cygnus Air, and Swiftair. ATSG owns 25% of Atlantic West. Might the takeover amount to an expansion of ATSG's footprint in the regions served by Atlantic West and LUSAT?
Strong 2nd quarter earnings. Looking to add some more shares. Go ATSG.
I've been looking into this company and trying to materialize in my mind how it's going to be an epic growth stock and I'm not convinced yet. Its an interesting model but I don't see this company invading all international regions. I'll look into it further though ...maybe I'm missing something.
Nort from Hudson
Revenues and earnings up big, why no extended hours trading?
Nort from Hudson
A finish above $25 today would be nice.
ATSG affiliate ATI will be flying two Atlas 767 freighters for AMZN. AMZN will continue to lease the freighters from Atlas - but AMZN wants ATI to fly them. This is proof that the major labor issues that the financial press sites regarding AMZN are chiefly with Atlas because Atlas has taken a very confrontational approach to its pilots. ATSG has a better relationship with the union that flies for AMZN than Atlas has with its pilots who fly for AMZN, Concerns about pilots at ATI have been overblown.
From what I gather there are about 240 ABX pilots. They are represented by Teamster Local 1224. 250 Local 1224 pilots were working for Omni Air around the time of the acquisition by ATSG.. The Omni pilots are the highest paid commercial pilots in the industry. Omni was very profitable. I don't see why some posters think that the ABX stalled labor contract talks are significant to the company's bottom line - especially since the vast number of leased freights are dry leased.
ATSG needs to have a first in class stable pool of pilots to maintain its status as the first in class all-services provider for the mature and maturing carriers in the industry.
Decline of share price seems excessive. Company still very profitable and continued trade bottlenecks likely to keep demand robust for the foreseeable future. Looks like a great opportunity, but the street has never taken a liking to ATSG..
ATSG is part of the stay at home service economy that is doing well during the 2020 pandemic scare. Expect good solid earnings and continued business gains to be reported this quarter. Freight and government customer business is booming.
It is not surprising that the junior analysts who cover ATSG don't see the current and near term future value of ATSG. Many of those junior analysts don't know that ATSG is not a competitor of FedEx or UPS. ATSG is in a different business. Many junior analysts, and some self proclaimed investment gurus, lack a fundamental understanding of what ATSG does. Many of the same junior analysts and self proclaimed investment gurus are less then diligent in their analysis of year-over-year performance as well.
A first glaring miss on the part of many in the analyst community is that ATSG changed its accounting practices commencing with the Q1 of 2018. The company stopped including reimbursed costs as from the carriers that lease their planes and, in some cases, utilize their flight crews, as revenue beginning in Q1. Ergo, "revenues" appear to have declined while they have actually increased significantly when apples are compared with apples by comparing revenues for 2017 and 2018 without the revenue reimbursement of costs that were included as revenue through the end of 2017.
Both Ex (Bob) and Eagledragon correctly point out that analysts have yet to include the Omni acquisition in projections. Maybe the analysts are behind the curve because the deal only recently closed. Maybe they haven't read the press release from the company that projects 40% increases in 2019 in earnings.
Excellent earnings report - company in great shape and continued growth. Target price should be well north of 30 on this one.
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