This article by MOI Global instructor Shreekkanth Viswanathan is excerpted from a letter of SVN Capital, based near Chicago, Illinois.
My objective with SVN Capital is to find “Compounders” — companies that can generate high Return on Capital and re-invest such capital at similar or better rates, run by good management teams that have “skin-in-the-game” and are aligned with their outside shareholders, that are trading at attractive valuation. We need only a handful of companies like this to do very well over time.
One such company, I believe, is Air Lease Corp. (AL).
On September 17, 2018, I had the pleasure of sitting down for dinner with the management team of Air Lease Corp. (AL). I met Steve Udvar-Hazy (Chairman), John Plueger (CEO), and Greg Willis (CFO). This meeting was organized as part of aircraft leasing conference, which I attended the following day, by RBC Capital, an investment bank. This is an outstanding management team.
Below I will provide a high-level business description, major takeaways from the meeting, and why we own it in our portfolio.
Members, log in below to access the restricted content.
Not a member?
Thank you for your interest. Please note that MOI Global is closed to new members at this time. If you would like to join the waiting list, complete the following form:
About The Author: Shree Viswanathan
Shree Viswanathan is the President and Portfolio Manager of SVN Capital.
More posts by Shree Viswanathan