ATSG Stock Jump Today?
#1
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Joined APC: Nov 2016
Posts: 25
ATSG Stock Jump Today?
Noticed a pretty healthy stock price increase (17%) today. I did a search and couldn't find any sort of announcement or information that would give any reason for the increased valuation. Any ideas? Better yet, any facts?
#2
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Joined APC: Dec 2014
Posts: 532
#5
Ive thought ALPA would fail and ATI is an example. They are ALPA represented and begging to come up to the level of a Teamster contract. In CVG last week I talked to several of their new guys. I think the culture at ATI is changing per new hires. CA had been there 18yrs and was sick of ALPA as well. Noticed all had their heads on a swivel as they spoke. They had upper management around with the transition. As another post stated if they don't get a good TA half that group will be knocking on the 1224 door the next day.
#6
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Joined APC: Aug 2007
Position: Always Fly With Favorite Captain
Posts: 376
According to Yahoo Finance, ATSG had higher than expected quarterly earnings. PE Ratio listed as 59.46, which seems high to me. What do I know, I'm a pilot, not a stock analyst.
#7
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Joined APC: Nov 2016
Posts: 25
I did see that as well. Just didn't think the increased valuation was in proportion. Like you, what do I know? Just thought I had maybe missed some other announcement.
#9
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Joined APC: Aug 2016
Posts: 493
Oddly, they mentioned AMES when talking about their increased revenue from maintenance, but didn't mention that ILN seems to be losing the 717 work... I didn't think that you properly could talk about the one without mentioning the other.
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