Steve Scruggs Comments on Atlas Air Worldwide

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Nov 02, 2022

Summary

A top contributor.

Atlas Air Worldwide (AAWW, Financial) is an outsourced air freight carrier that we believe traded on cheap multiples ofearnings and book value compared to peers. In August, the company agreed to be bought by a consortium led by Apollo Capital for $102.50 per share, a 57% premium to the recent share price.⁸

From Steven Scruggs (Trades, Portfolio)' FPA Queens Road Small Cap Value Fund third-quarter 2022 letter.

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I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours. Click for the complete disclosure

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