Mike the PhD

Atlas Air Worldwide: A Great Stock Trading ~20% Below Book Value

Atlas Air Worldwide Holdings Inc. (NASDAQ:AAWW) is a holding company which owns Atlas Air, a provider of aviation services and outsourced aircraft. The firm has a market capitalization of roughly $1 billion, but despite its reasonable size, the firm is thinly covered by analysts and the financial press, and I believe it is often overlooked by investors. This article discusses the company, its current state, why I believe the future may be very bright for the firm, and what risks the company faces going forward.

The Current Situation:

The company owns a fleet of 747 freighters and its major customers include airlines, freight forwarders, express delivery providers, and the US military. The company provides aircraft and the personnel...

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