We had a similar experience with Air Lease Corporation (NYSE:AL), a leading commercial aircraft lessor. The stock fell early in the quarter on concerns about its exposure to airlines in emerging markets. It fell more than 30% within the quarter, but finished down only 4%. Considering the strong order and leasing book along with global air traffic on the rise, we believe Air Lease’s best days are still ahead.
From the Keeley Mid-Cap Dividend Fund first quarter 2016 commentary.
