Thesis
AerCap Holdings (NYSE: AER) continues to be undervalued, despite the recent increase in share price. Given past volatility in the share price, the stock could easily be purchased for an even steeper discount to conservative measures of intrinsic value than it is currently priced at.
AerCap Holdings is the dominant player in the aircraft leasing industry. The company purchases aircraft primarily from Boeing and Airbus and leases them out to airlines around the world. These leases average twelve years in length and give the company a long road map of predictable cash flow. The