【出版时间及名称】:2009年11月美国航空货运行业研究报告
【作者】:摩根斯坦利
【文件格式】:PDF
【页数】:36
【目录或简介】:
Contents
Risk-Reward Snapshots ........................................................................................................................................3&4
Executive Summary ................................................................................................................................................... 5
Investment Debates ................................................................................................................................................... 5
Debate 1: Premium Multiple?................................................................................................................................. 6
Debate 2: RA or GWR? ........................................................................................................................................... 8
Debate 3: Exposure to Recovery?....................................................................................................................... 10
Valuation Discussion............................................................................................................................................... 12
Appendix ................................................................................................................................................................... 13
RA/GWR Investment Positives/Negatives and Similarities/Differences........................................................... 15
Industry and Rail Thesis Charts ........................................................................................................................... 20
Comp Sheets ......................................................................................................................................................... 22
Models ....................................................................................................................................................................... 25


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