Wall Street has found a company that Donald Trump would love to beat up on

Andrew LeftAndrew Left.Bloomberg

  • TransDigm Group is an airplane-parts maker that counts Boeing as one of its largest clients.
  • The company’s growth depends on debt-fueled acquisitions.
  • After it acquires a company that makes unique aerospace parts, it raises the price of those parts.
  • On Thursday, the stock’s price closed at $251, but Citron Research thinks it should be hovering around $166.

Since his election to the office of the president of the United States, Donald Trump has spent much of his time tweeting threats to US companies that do things he doesn’t like.

There are a handful of things Trump doesn’t like about corporate America, but for our purposes, we’ll focus on just one: companies that charge the government entirely too much money.

In December, he hit Boeing, which makes the president’s Air Force One 747 jet, over this.

“Boeing is building a brand new 747 Air Force One for future presidents, but costs are out of control, more than $4 billion. Cancel order,” he tweeted.

It’s his jet, so we suppose he can tweet about it, but he should know that for weeks, the short sellers on Wall Street — investors who bet on a decline in share prices — have been whispering about a company that they say has a firm hand in making all things Boeing so expensive.

Roll-up

It’s airplane-part manufacturer TransDigm Group.

On Friday, one of these short sellers, Andrew Left of Citron Research, published a report outlining how it inflates prices in its sector and comparing it

Article source: http://uk.businessinsider.com/transdigm-group-targeted-by-short-sellers-andrew-left-2017-1

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Cue the ‘Comedians in Cars’ laugh track

Jerry Seinfield’s weekly celebration of classic-car life, “Comedians in Cars Getting Coffee,” shifts next month to Netflix from Sony’s Crackle platform, where it started in 2012 and recently kicked off its ninth season.

The series features Seinfeld conducting high-spirited interviews with performers in a cool car (usually) and over a cup of coffee. In a statement, Seinfeld said, “When I first started thinking about “Comedians in Cars Getting Coffee,’ the entire Netflix business model consisted of mailing out DVDs in envelopes. I love that we are now joining together, both at very different points.”

OK, that’s the news. Really, this is just an excuse to recall some favorite moments from the series. Such as:

• The 2014 episode in which Seinfeld asks Howard Stern about Stern’s hair: “I don’t even know what the look is — is it Slash or Rhea Perlman?” 

• The one where Seinfeld takes funnyman Patton Oswalt out in a DeLorean DMC-12. Like many DeLoreans, this one dies two minutes into the trip. Later, Seinfeld has a backup DeLo delivered. He notes that if you’re going to get in one, you better have one in reserve. 

• The time Jerry and veteran funny guy Robert Klein — remember Klein’s “pleezdon’ttrytostartme” and “leavemealonnnne” description of cold-morning car troubles — go out in a 1967 Jaguar Mark II, but not before stopping by Klein’s house. Who would have thought Klein was into model airplanes?

• In 2012, Seinfeld picks up TV neighbor Michael Richards. He and Kramer cruise around in a 1962

Article source: http://www.autonews.com/article/20170123/RETAIL03/301239818/cue-the-comedians-in-cars-laugh-track

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Henry M. Paschall III, financial analyst, dies – Baltimore Sun

Henry M. Paschall III, a retired financial analyst who raced sailboats and flew airplanes, died Jan. 15 of amyotrophic lateral sclerosis, more commonly known as Lou Gehrig’s disease, at his Piney Neck home near Rock Hall.

He was 87.

The son of Henry Morris Paschall Jr., a lumber and oil company owner, and Mary Lees, a teacher, Henry Morris Paschall III was born in Wilmington, Del., and as a young man moved with his family to Piney Neck.

A graduate of Sanford School, a Hockessin, Del., preparatory school, Mr. Paschall, who was known as “Morrie,” attended Washington College.

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Blind flyer

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Article source: http://www.gvnews.com/opinion/blind-flyer/article_a32af4aa-e01f-11e6-99f3-571c03bfbd32.html

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Early college programs hold promise, but are costly

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MAHONEY: Jack sent off lovingly on a Wing and a prayer

Here’s an update on a September column I think many of you will be interested in because there was a terrific and warm response to the story when it ran.

Jack Frazier, who spent much of his last year building a beautiful model airplane (big enough to sit and ride around in) for a 7-year-old boy, died Nov. 27.

On Dec. 14, his long-time friends at Wing 447 (Royal Canadian Air Force Association) threw him a wonderful celebration of life.

Article source: http://www.thespec.com/news-story/7037446-mahoney-jack-sent-off-lovingly-on-a-wing-and-a-prayer/

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Redefining “Aircraft,” Defining “Drone”

[1] “Drone” is itself a fairly broad term that encompasses several types of flight-capable machines. Currently, quadcopter and related designs are popular with commercial and consumer operators, although fixed-wing drones that more closely resemble traditional remote-controlled airplanes do exist. For the purposes of this Legal Memorandum, the term “drone” refers to a device weighing less than 55 pounds that is incapable of carrying a human occupant and is generally designed for low-altitude, relatively low-speed flight. Larger drones that are capable of high-altitude, high-speed, and long-range flight—military drones, for example—are beyond the scope of this paper, although Congress should not assume that manned aircraft statutes apply to this category of drone either.

[2] Air Mail Act of 1925, 43 Stat. 805, ch. 125.

[3] Air Commerce Act of 1926, 44 Stat. 568, ch. 344.

[4] The history of aviation regulation in the United States is a complicated one, and regulatory authority was transferred several times in the decades after 1926. In 1934, the aeronautics branch became the Bureau of Air Commerce. In 1938, Congress passed the Civil Aeronautics Act and created a new, independent Civil Aeronautics Authority to regulate aviation. In 1940, the agency was divided into the Civil Aeronautics Administration (CAA) and the Civil Aeronautics Board (CAB), each with different functions. The CAA was tasked with air traffic control and the enforcement of aviation safety rules; the CAB was responsible for accident investigation and economic regulation, including setting prices and determining airline routes. In 1958, Congress created an independent Federal Aviation Agency to

Article source: http://www.heritage.org/research/reports/2017/01/redefining-aircraft-defining-drone-a-job-for-the-115th-congress

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