ERJ Run

Hi Friends,

One of my holdings ran nicely today - Embraer, an airline manufacturer in South America:

I found this running screens for companies trading near 52 week lows but had growing revenues. Of course, during the height of the pandemic when airlines were shutdown like the rest of the economy, the company’s stock price plummeted. They also lost a big contract with Boeing when Boeing was in the news for all the wrong reasons. I scooped this up in the $6s so am nearly at a 200% gain in a year - not bad!

I think it is close to fair value, but I am going to hold it a little while longer as they seem to have a lot of great things happening and the revenues and earnings should keep expanding.

Thanks for coming by,
Brian