A Shot of Confidence
Ron Wainshal, CEO of Aircastle (AYR), bought 5,000 shares of the company's stock on Dec. 11 at an average price of $12.13 per share -- his first Aircastle purchase since August 2010, according to our database. That lengthy period makes this purchase a significant one, as does the 50% climb in the shares since that time. Wainshal now owns close to 600,000 shares directly.
Aircastle is primarily a lessor of commercial aircraft, and has a market capitalization of $840 million. Last quarter revenue climbed 22% year over year, though there was only a 9% increase in lease-rental sales. Net income would have been 40% to 45% higher, but a large impairment expense left the company in the red for the quarter....476 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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