AerSale rallies after Prescience Point goes long with $45 target

Prescience Point Capital Management announced via Twitter: "We are long $ASLE. @AerSale is poised to benefit from the greatest re-equipment cycle in the airline industry's history. The Co is also on the verge of receiving FAA approval & a large order from a major airline for AerAware, its game-changing, wearable HUD product. Our PT is $45...Due to the effects of the pandemic, airlines are expected to retire a record number of used aircraft over the next 18-24 months. As one of the leading providers of aftermarket equipment to the airline industry, $ASLE will be a significant beneficiary...With zero debt & ~$200m of liquidity, $ASLE has the capital to take advantage of this equipment refresh "super-cycle" by acquiring a significant number of aircraft at what should be very attractive prices & subsequently monetizing these assets at a significant IRR." Shares of AerSale are up 3% to $18.55 in morning trading.