From Value Line
- AVAV has only been public since 2007
- Founder a “beloved aeronautical pioneer”
- Went public at $20, shot to $40, now back near $20
- Not that cheap at over 15x earnings
- In two growth-oriented areas, drones and electric cars
- Clean book value
- Plenty of cash
- Has not done any buybacks
- Insiders own 17%, unusual for this industry, but have been sellers recently
- Is electric car business subsidized, or does it have real economics?
- No pension issues
- ROE still only 10%
Oxford Club Radio