Steven Reiman
Long/short equity, value, research analyst, small-cap

Willis Lease Finance: An Engine Leasing Powerhouse

Almost a year ago, I wrote an article praising Aircastle (NYSE:AYR), an aircraft leasing company run by an extremely competent management team that was trading at a substantial discount to its book value. Since then, the company has appreciated over 50% and I have exited my position as the gap between the share price and book value has been closed.

As the search for deals in this overbought market becomes increasingly difficult, let us turn our attention to Willis Lease Finance (NASDAQ:WLFC) (referred to as Willis Lease for the balance of this article), another leasing company in the airline space that is selling at a significant discount to book value and is run by one of...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details