Harbor Diversified Inc (HRBR)

[Bmrboy]

You have to ask yourself this: Who is going to want those CRJ200 jets? They are going to be closer to salvage value because no airline is going to use them any more. Based on what i've seen and the research i've done, I think it's realistic that they get $1 million per, so $64 mill. If their liquidation value is around $1.90-$2.10, there's not a lot of upside there.

The current contract goes through Feb 2023, but you have to imagine at some point you are going to need to replace that fleet. Going to take major capital investment and they are highly concentrated in the single contract.
There is definitely risk there and has to be factored in.