There’s nothing that I could say to start off this post that would clarify AAR’s position in their market right now better than what CEO David Storch said to start the 4th quarter and full year 2008 earnings conference call:“Based on questions we have been receiving over the last several weeks, we believe the market may not fully appreciate the spread of business we have here at AAR.In many quarters we are merely seen as an airline aftermarket provider. While that was more true earlier in the decade, today AAR is a much broader company servicing a wider customer base.”Therein lies the beauty of the diversification in AAR’s business, and their ability to leverage that business, even in tough times like now, to come out stro
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