Bouncing Down you mean! Donkastic Call, Dividend reduced by 65%, this is what happens to highly leveraged companies, that bleed the free cash flow of the business enterprise. Once the Banks pull the plug on them, they have to finally service the debt. Another great move by Chairman Wes Edens, who has also taken down private equity FIG downhill. FLY is going down too, I don't think they can keep that dividend without earnings, if you're looking for high yield in this sector GLS seems like a safer play, but I cannot be confident on them also. No positions in FIG, AYR, FLY, or GLS. Have been long AYR but sold early January at $22.
Aircastle Looks Ready for a Bounce [View article]
No positions in FIG, AYR, FLY, or GLS. Have been long AYR but sold early January at $22.