Chris Fernandez

AAR: A Falling Tide Sinks All Boats

Hey Radiohead,

I appreciate the feedback, and you are correct in calling my out in my "downgrade" but notice that I did not say sell shares.

I am merely warning others to hold off on purchasing shares of AAR until after earnings are released in a couple more weeks, regardless of how undervalued the stock looks.

If you own shares, hold on to them, because whatever happens after earnings, it really won't change things much, even if the stock rises or falls significantly, because I am already down 50%, so the effects of even a 10% move up or down doesn't change things, and will thus allow us more time to consider what was said and delivered on the call, before making out next move.

If it is indeed the case that AAR is having more problems than I think they will, it's time to move on, kiss our money goodbye, and put the rest of the money to better use in something else.

If that happens, I'll own up to the mistake, and move on.

Chris