Another Chance to Rev the Jet Engine

During the market pullback last fall, I bided my time and ended up buying shares of Air Transport Services (ATSG) pretty well -- below where insiders signaled their optimism last August and September, as I wrote in my Oct. 21 column. So, despite a notable bout of weakness in February for this name, I've still booked a solid gain. Recently released quarterly results do indicate a set of challenges for the company in the near term, but I still see shares as being undervalued longer-term.

Air Transport leases planes and crews to firms that need to transport goods. Global-delivery firm DHL is Air Transport's largest customer, generating just over one-third of the company's revenue. The U.S. military generates roughly another 15% of sales. Besides North America and Europe, Air Transport's planes service higher-growth markets, such as internal transport within Brazil, India and China. The company's regional aircraft fleet is not deployed in the more cutthroat long-haul segment of air transport, and it many of its assets are under long-term leases.  ...521 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.