This man is an impudent little dervish, Nicholas Howley. Or at least that is how he presents himself whilst responding to Noah Poponak of Goldman Ball Sachs on the 3Q15 call. Giddy at the top, I say. Puahahahahahha! Kekekekekekekeke! You’re asking me what ol’ Noah? Don’t you know? Two plus two equals fish!
Lordy lord. This here is a shit-show waiting to happen. Instead of combing through the mundane filings, which for this here company are 99% the same exact filing as the last filing (they haven’t even updated acquisitions in the latest K), just take a listen to some excerpts from the calls.
The glut in 777s is coming down the pipe.
Do you really think the Delta CEO doesn’t know how to bargain shop?
Of course Boeing denies the claim.
“We continue to see a very healthy overall marketplace both for narrow bodies and wide bodies,” CEO Dennis Muilenburg told reporters on Oct. 21. “Traffic growth is sustained. Replacement demand is sustained.”
Don’t worry, only 11% of revenues are exposed to Boeing per Transdigm.
Per the 10K –
Our business is directly affected by, among other factors, changes in revenue passenger miles (RPMs), the size and age of the worldwide aircraft fleet and, to a lesser extent, changes in the profitability of the commercial airline industry. RPMs and airline profitability have historically been correlated with the general economic environment, although national and international events also play a key role.
I don’t know what final RPMs will look like for 2015.
Follow them here:
Until the hairline fractures develop, enjoy clips from 3q15 and 4q15 Transdigm calls:
Oh, lastly — Nick “Perma-Grin” Howley is dumping stock. Just do a little search on insidercow.com for updated stats.
The cycle is long in the tooth. Indeed.
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That was a remarkable tweet by Delta’s CEO.
Are you short Boeing?
Timeframe?
no. looking at the suppliers.
this will not be a get rich quick scheme.
wouldn’t be surprised if it takes 1yr+ to unfold.