AIRI trade ideas
LONG Swing Opportunity $AIRIThis is an undervalued stock
Target Price $3-9 dollars
$2.65 to $3 very likely in the short-term time Horizon
Air Industries Group 69% profit increase $airiAir Industries Group ("Air Industries" or the "Company"), an integrated manufacturer of precision equipment assemblies and components for leading aerospace and defense prime contractors today announced its fiscal 2019 results.
Fiscal 2019 Highlights from Continuing Operations
Consolidated net sales from continuing operations were $54.6 million in 2019 a significant increase of $10.1 million or 23% compared to $44.5 million in 2018.
Consolidated gross profit from continuing operations, was $9.1 million in 2019 and increased dramatically by $3.7 million or 69% from $5.4 million in fiscal 2018. Gross profit as a percentage of sales increased to 16.7% for 2019 from 12.1% in 2018. This improved gross profit results in part from increased manufacturing through-put absorbing manufacturing overhead and cost savings resulting from the consolidation of factories on Long Island.
Operating expenses from continuing operations for 2019 were $8.5 million an increase of approximately $200,000 or 2.4% compared to $8.3 million in fiscal 2018.
Air Industries had operating income from continuing operations of $ 328,000 in 2019 compared to an operating loss of $4.9 million in 2018.
Interest and financing costs were $3.6 million in fiscal 2019 as compared to $3.9 million in 2018. Cash interest paid in 2019 was $2.3 million, compared to $1.5 million in 2018. On December 31, 2019, the Company refinanced its credit facilities moving from PNC Business Credit to Sterling National Bank. During 2019, the PNC credit facility had interest rates of 500 basis points over the PNC Alternate Base (prime) rate, or approximately 9.5% for most of 2019. In addition PNC charged facility renewal fees of $ 500,000 for the year. The Sterling National Bank credit facility has interest rates equal to 30-day LIBOR plus 200 basis points. Air Industries interest rate today is less than 4.00%.
Adjusted EBITDA as shown in the table below was $5.2 million. Adjusted EBITDA is a non-GAAP financial measure which is reconciled to the most directly comparable GAAP financial measure and is more fully defined in the below table.
Source business wire
AIRI going DOWN !!!Fundamentals of this company are deteriorating. Simply look at the net income and cash flow of this money loosing company.
www.marketwatch.com
Down Down Down is my AIRI prediction !!!Fundamentals of this company are deteriorating. Simply look at the net income and cash flow of this money loosing company.
www.marketwatch.com
AIRI - Trend looking strong Previous targets hit Air Industries Group is an aerospace company, which engages in the manufacture and design of structural parts and assemblies that focus on flight safety, including landing gear, arresting gear, engine mounts, flight controls, throttle quadrants, jet engines, and other components. It operates through the following segments: Aerostructures and Electronics, Complex Machining, and Turbine Engine Components. The Aerostructures and Electronics segment includes a range of products from basic sheet metal components to integrated electronic assemblies and aircraft structures. The Complex Machining segment produces critical machined components and assemblies fabricated from hard metals, such as Inconel, titanium, and 300M. The Turbine Engine Components segment provides turn-key welded solutions. The company was founded in 1979 and is headquartered in Bay Shore, NY.
SHORT INTEREST
33.08K 08/30/19
P/E Current
-3.71
P/E Ratio (with extraordinary items)
-3.84
Average Recommendation: BUY
Average Target Price: 2.00
AIRI- BULLS HERE, But For How Long ?Air Industries Group is an aerospace company, which engages in the manufacture and design of structural parts and assemblies that focus on flight safety, including landing gear, arresting gear, engine mounts, flight controls, throttle quadrants, jet engines, and other components. It operates through the following segments: Aerostructures and Electronics, Complex Machining, and Turbine Engine Components. The Aerostructures and Electronics segment includes a range of products from basic sheet metal components to integrated electronic assemblies and aircraft structures. The Complex Machining segment produces critical machined components and assemblies fabricated from hard metals, such as Inconel, titanium, and 300M. The Turbine Engine Components segment provides turn-key welded solutions. The company was founded in 1979 and is headquartered in Bay Shore, NY.
P/E Current
-3.07
P/E Ratio (with extraordinary items)
-3.17
SHORT INTEREST
5.75K 07/31/19
Average Recommendation: BUY
Average Target Price: 2.00
Good bottomI would like to think AIRI will gain some momentum coming out of this bottom. Cheap price with what I believe more positives than negatives. Currently have small position, long term hold. Target price $3/ sell $1
