This is what I thought in May 2020 when I first bought the stock...
At 4 times peak earnings and an average purchase price of $6.25, this aerospace parts manufacturer was understandably priced for turbulence ahead as the coronavirus threw the aviation sector into disarray. With industry talk of an aviation supercycle potentially keeping demand strong in the coming years, I decided to put short term fears aside and buy into this company for a longer-term recovery.
What's changed since I made my first purchase of this stock? Follow the ongoing story in the posts below...
Portfolio Review – October 2020 October 4, 2020
Portfolio Review – June 2020 May 29, 2020