tag:blogger.com,1999:blog-8557192882205137465.post2222243722789218335..comments2024-02-21T10:51:47.184+08:00Comments on Under the Willow Tree: Babcock & Brown Structured Finance FundUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8557192882205137465.post-71845183137081442642008-08-22T19:44:00.000+08:002008-08-22T19:44:00.000+08:002 comments. The premium on the price is probably ...2 comments. The premium on the price is probably because the market perceives the yield as being above market yield for the risk. This stock may operate similarly to a fixed income bond fund, but it is hard to tell without details.<BR/><BR/>The operating lease assets look good. It is all a question of price and terms. The aircraft operating lease market is predominantly narrow bodied aircraft. The larger aircraft are generally more illiquid - airlines plan to buy and hold large aircraft for their strategic long distance routes and are more flexible in their fleet planning between domestic and short to medium range routes. Barriers to entry/exit are much easier on the shorter routes, with the threat of new entrants and extra slots taking market share. For the larger planes an airline need 500 people a day who want to get from A to B (8-10,000 miles away) which is a big ask and generally means that routes and slots are much less dynamic.Alexhttps://www.blogger.com/profile/13775753218753337766noreply@blogger.comtag:blogger.com,1999:blog-8557192882205137465.post-36833605257044819062008-03-04T18:23:00.000+08:002008-03-04T18:23:00.000+08:00Very insightful. http://paulhokangsang.blogspot.co...Very insightful. <BR/><BR/>http://paulhokangsang.blogspot.comInvest in Singaporehttps://www.blogger.com/profile/15896701245524639935noreply@blogger.com