At AAR (AIR), a Chicago-area aviation and aircraft-leasing concern, the CEO and five directors picked up more than $461,000 of stock at an average of $11.86 a share, just below today's price.

Undervalued

airlines outsourcing maintenance to reduce unionized labor costs.

Best of Breed - Aerospace/Defense Products & Services.

AAR's earnings for the 2007 fiscal year ended in May climbed 51% to $1.42 a share. Sales grew 20% to $1.06 billion.

For 10 straight quarters, earnings have grown at least 35% over the prior year and sales by at least 13%. In the fourth quarter, earnings leapt 35% to 42 cents a share. Sales were up 22% to $305.7 million.

AAR Corp. was founded in 1951 and is based in Wood Dale, Illinois.

http://biz.yahoo.com/ibd/070726/newamer.html?.v=1

Earnings

good stock

needed to diversify

Aviation Play

Upgraded by Calyon Securities from Add to Buy

Play on MRO for aircraft. Airlines (particularly low-fare) looking to outsource and reduce maint. costs. Aerospace continues to look strong. My first BOOYAH stock!