Air T, Inc. (AIRT) is a microcap value stock which operates in two industry segments: providing overnight air cargo services to the air express delivery industry through its wholly owned subsidiaries, Mountain Air Cargo, Inc. ((MAC)) and CSA Air, Inc. ((CSA)), and aviation ground support and other specialized equipment products and services to passenger and cargo airlines, airports and the military, through its wholly owned subsidiary, Global Ground Support, LLC ((GGS)) and Global Aviation Services, LLC ((GAS)).
The company has the kind of fundamentals that Warren Buffett would love - if only he were able to trade a company this small. Air T, Inc. (AIRT) trades at a P/E of 4.4 and a price/book of 1.03 with a current ratio of 3.1 and very little debt. The company has been steadily growing earnings and sales over the past few years and pays a dividend of 3.7% which is pretty inpressive for a company of its size. While there are a number of other microcap dividend payers, I have struggled to find one that I believe is quite as attractive as Air T, Inc. (AIRT). The company recently announced an annual dividend payment of $0.33 - an increase on last year's $0.30 figure despite the tough ecomonic climate.
Via Long Investment Ideas from Seeking Alpha:
Read the rest of original post »
