A few months ago, I wrote a bullish call on Park Aerospace (NYSE:PKE), a small supplier in the aerospace industry of composite parts that eventually end up on Airbus (
Park Aerospace: Cash Is A Shareholder's Best Friend
Summary
- Park Aerospace is smaller niche supplier that is conservatively managed and is coming out of the Covid downturn with plenty of cash and no debt.
- Specifically, the General Electric aviation program it supplies is expected to rebound from $5M in sales for the 2nd half of 2020 to $24 million in CY 2021.
- The strong liquidity without debt gives Park plenty of options for rewarding shareholders, including acquisitions, special dividends, and share buybacks.
My professional background is in church work, but I left that vocation in 2012. In 2015, I earned an MBA from the Aix-Marseille University, located in in Aix-en-Provence in southern France. I currently live and work in the midwest with my spouse, children, and a cat who seems to like me more than she likes anyone else in our house.
Analyst’s Disclosure:I am/we are long PKE. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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