From article posted by Paul Price on June 5, 2008
"As noted above the estimate for the already ended FY 2008 is now $1.75 and the FY 2009 consensus estimate now centers on $2.25 /share. Thus AAR is trading today at just 10.4x trailing and 8.1x forward expectations.
That is the lowest valuation for these shares in more than 16 years. Other metrics look cheap as well. AAR shares are < 1.2x book value and only 6.3x cash flow."
The upcoming earnings will be the picure everyone has been waiting on, but with such a negative stance already taken by the price per share, could there really be much more downside?
We'll find out July 9th!
$14.9 (06/23/08)
