The first version of this article was posted on March 30, 2022 and updated a bit in July. The ad has been updated slightly to target new catalyst dates, since the company’s AGM in May and earnings report in August were both underwhelming. The new pitch is for a “shocking announcement” in December, which we should take with a grain of salt given that the stock is down 30% so far this year despite two past “huge news” teases, but I’ve updated the article below to reflect the new tease and the latest from the company.

I haven’t written about Karim Rahemtulla in quite a while, so his new teaser pitch caught my eye — these days he’s pitching a service called Trade of the Day Plus ($79/yr) for Monument Traders Alliance, which seems to be a pretty active trading service that’s helmed by Rahemtulla and Bryan Bottarelli, both of whom have been around the newsletter world for a long time, with various stock and option trading services (Rahemtulla says he’s made about 200 trades in three years for this service, with the average trade lasting 50 days and nearly 90% of the trades being winners, though I don’t have any verification of that).

But it was really the headline pitch about this new trade that caught the attention of yours truly:

“The Last Great Value Stock

“A Shocking Announcement in December Could Send One Stock (It’s Under $2!) Rocketing Higher…

“Yet Even if This Stock Traded for $50 Tomorrow… It Would STILL BE CHEAP!”

And with growth stocks imploding this year, it’s probably no surprise that the term which gets bolded and used in the subject lines of his email ads is “The Last Great Value Stock.”

I know it’s an ad, and I know he’s exaggerating, but I still wanna know what he’s talking about.

Here’s a little taste of the ad, getting to the big picture argument:

“You see, we are experiencing a new fundamental shift in the global economy right now.

“I call these shifts ‘inflection points.’

“They are moments where money flows out of one sector and into another.

“And inflection points in the market are generally the single best times to make money.

“At the Beginning of the Pandemic, Money Flowed Into Virtual Economy Stocks…..

“But now something is changing once again.

“We’ve hit a new inflection point.

“And you need to be aware of it right away… or you might miss out on the next big profit opportunities.

“In short, money is flowing out of those virtual-based pandemic stocks… and back into the stocks that operate in the physical world.

“Now… Money Is Flowing Back Into Stocks That Drive the Physical Economy”

So what is Rahemtulla looking for with his relatively short-term trade on this “last great value stock?”

“What you want to look for are companies that complete what I call a ‘reversal.’

“This is a moment when the company swings back from a loss to positive income in a very short period of time.

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“When you find those situations, you can make boatloads of money….

“… that’s happening now with the $2 stock I’m telling you about.

“Income, including equity sales, just swung from a $4.3 billion loss in 2020 back to nearly $3.5 billion in 2021….

“City analysts estimate that “… annual earnings will rocket more than 320% in 2022.”

“Right now, this company has a sales backlog of nearly $75 BILLION.

“That’s more than five times the company’s current value.

“And as this $75 billion backlog of sales starts to roll in… I believe this $2 stock is going to be the single greatest value play on the market.

“The fact is… I would still be recommending it even if it were $20 or even $50.

“At $2… it might just be the single best value play in the history of the markets.”

OK, so that means we’re dealing with a stock with a market cap below $15 billion (that’s 1/5 of $75 billion), though probably not dramatically less… call it a range of $5-15 billion.

And a share price at or near $2.

That narrows it down quite a bit, and it almost certainly means we’re not dealing with a US-listed company — companies that are listed on the NYSE or NASDAQ tend to try to avoid having their share price fall below $5, which in some cases triggers delisting warnings and always gives US investors less confidence.

Use just those two criteria, with a pretty broad range (ie, price between $1-3, market cap between $5-15 billion), and you can narrow it down to a more manageable number of companies for the Thinkolator to chew on… fewer than 100 candidates, all of them OTC-traded shares, mostly of companies whose primary listing is outside the US (different markets have different traditions — having a share price below $5 is not generally seen as a problem for large companies in the UK, Australia, China or elsewhere).

What else do we learn about this secret stock?

“There is a major catalyst… an announcement coming in December… that I believe is going to make this one of the most sought-after stocks in the world.”

(He made exactly the same predictions over the past six months about announcements in May and August, to be clear, so note that this is not a “real” prediction, this is an artificial deadline to get you to subscribe. Ads without deadlines more often fail, they are too open-ended to get you to be afraid of “missing out,” so ad copywriters always try to include an urgent upcoming catalyst, even if they have to make it up.)

And, as suspected, it’s not a typical US-listed stock…

“The company also trades in an unusual way.

“You won’t find it on the Nasdaq or New York Stock Exchange. (And it’s not a penny stock on the pink sheets, either.)

“Rather, it trades on a special exchange you might not be familiar with.

“I’ll explain how I can help you get in on it in a moment.”

And then Rahemtulla keeps pouring on the clues, so this shouldn’t be too tough for the Thinkolator…

“this company is an engineering powerhouse.

“It builds, supplies and services world-class engines and power systems that make our entire global economy go.

“The company is working on a nearly $5 billion-per-year project to build nuclear reactors for the United Kingdom.

“It makes jet engines for the Airbus A330, 340, 350 and 380… plus the Boeing 777 and 787 Dreamliner.

“It has a $2.6 billion deal to supply 650 F130 jet engines to the United States Air Force.”

And he throws more clues on the pile, too, they’re working on battery containers, new methanol engines for shipping, selling super-engines for yachts and fishing boats, building quieter trains and an all-electric plane… lots of stuff in the hopper. Even some things that touch on pretty high-hype areas of the market recently:

“It is working on giant electric passenger drones that may replace helicopters. These things can go 200 mph and are set to be released in 2024.”

There’s even some connection to rising defense spending in Europe, which might end up being meaningful over time…

“I mentioned the $2.6 billion deal for 650 F130s for the U.S. Air Force. That’s no small thing.

“It also provides 1,200 engines for 500 aircraft operated by defense departments in the U.K., Germany, Spain, Italy and Austria.”

And I don’t want to make you wet your pants with excitement, but he does throw in a Tesla reference, too…

“What’s really exciting about this company is that while it is bringing in billions through its engineering and manufacturing businesses…

“It is also developing futuristic technologies that give it massive growth potential.

“The company is a leader in new machine learning and artificial intelligence technologies that make the entire global economy run more efficiently.

“This company is like Tesla on steroids!”

Not content to throw in that “Tesla on steroids” tease, he also makes a connection to Netflix, another well-known growth darling (well, until this year)…

“This Company Has Turned the Airline Industry Into a Netflix Model

“Most engine manufacturers, like, say, Lockheed Martin, operated with a static business model in the past.

“They built engines and sold them for a price, and that was that.

“This company changed that….

“The $2 stock I’m telling you about charges an hourly fee for this service on its engines… creating a Netflix-like recurring revenue stream.

“The Royal Aeronautical Society called it an ‘aftermarket revolution’ that created a ‘radical change’ within the industry.”

Rahemtulla also teases at the reasons why this company should grow…

“… air traffic is expected to be up 51% when 2022 is all said and done.

“That’s one of the reasons this $2 stock could suddenly be so profitable again.

“As air traffic comes back online, it is raking in billions of dollars.

“And analysts say we could see 320% further growth in the coming year.”

And apparently the stock is cheap, which I guess shouldn’t surprise us if the tease calls it “The Last Great Value Stock”…

“It trades at only four times earnings as is.

“That’s the beauty of investing in a great value stock.

“When a stock isn’t overvalued, there is much less downside.

“That’s why now is the time to make a small investment in The Last Great Value Stock.”

And one final clue for you…

“The company has a big announcement coming up… one that I believe is going to send the stock soaring dramatically.

“It’s the company’s Trading Update event in December.

“On that day, the CEO traditionally breaks down all the positive developments for the company.

“I’m predicting that everything I’ve talked about will become widely known by the general public… resulting in the company’s stock having a very big day.

“And when that happens, we could see a big, big move in the stock.”

A “trading update” is generally what they call it when companies in the UK, which formally file earnings reports only twice a year, issue a between-announcements quarterly update… so it’s similar to our regular quarterly updates in the US. And, yes, this secret company generally has one of those in early December… though, just one more reminder, Rahemtulla made this same “it’s going to be a shockingly great surprise” prediction about the past two reports (their annual meeting, and their mid-year report in August), and the stock has continued to decline following those updates in the past six months or so. Maybe it turns in December, maybe not, but we’re getting a little bit of the “boy who cried wolf” here.

And a final note about how this is a super-secret kind of stock that you have to pay an expert to handle properly…

“While this company is one of the 50 most admired in the world, it does not trade on the usual stock exchanges like the Nasdaq or the NYSE.

“Rather, it trades on a special exchange that most regular investors might not know how to access.

“Only real trading pros know how to get in on this company. And that gives people like me (and my followers) a real advantage.”

OK, so that’s pretty much hooey. We are all quite capable of looking up financial information about a stock that’s not listed in the US, and of figuring out how to carefully buy OTC-traded shares.

More on that in a minute… but first, our answer from the Thinkolator…

No changes there — the Thinkolator is still sending us straight to Rolls-Royce Holdings (RR.L in London, RYCEF OTC in the US, RYCEY for the US OTC ADR) — the aviation engine company, not the luxury carmaker (the two have a shared history, and a shared corporate logo in the overlapping R’s, but the businesses are entirely separate today).

Rolls-Royce has the potential to again be a strong company, and it’s reasonable to assess it as a “value” stock, but it’s not really a “current earnings” value play, the last couple quarters have been generally disappointing, with the recovery in air travel still not what was hoped for (especially in China), and, despite Rahemtulla’s claims in the ad, it’s certainly not trading for “4X earnings” according to any conventional math… you need to have a little soothsaying skill to be really confident in this one.

I don’t know where Rahemtulla gets those profit numbers from — the company was profitable in 2021, with GAAP EPS of about two cents and, and on an adjusted basis, normalized basic earnings per share of 8.5 cents, their best year on that front since 2015… but even that adjustment puts the trailing PE at about 15, they’re nowhere near a PE of 4, and when he says “income, including equity sales, just swung from a $4.3 billion loss back to $3.5 in the black,” he must be referencing their “disposals,” the businesses they’ve sold to try to right the ship, as “income.” As of 2021 they were technically profitable, but also still burning cash. (That’s just going from the press release about their annual results last year, but the full 2021 Annual Report is also an interesting read if you feel like digging in).

Rolls-Royce is really still in a turnaround effort that has been underway, in fits and starts, for seven or eight years. They have had a bad decade, starting with an inquiry that found signs of serious bribery and corruption as the company grew rapidly in its first 10-20 years after being re-privatized (that was effectively settled in 2017), leading into troubles with the Trent 1000 engine design for the first Boeing Dreamliners that hit the company with almost $3 billion in charges, and, just as they were beginning to rebuild from those troubles, the COVID pandemic came along to decimate commercial air travel. They lost their investment-grade credit rating during COVID and have sold off a number of divisions and businesses over the past two years to raise cash and clean up their balance sheet, and, though they have had a series of order wins from the US military, and generated some positive news about their efforts to move forward with small modular nuclear reactors and with their progress on electric airplane engines (commercial aviation, defense, and power systems are their three meaningful divisions, in that order), their ongoing service and parts businesses mean that they’re still very much levered to the recovery of commercial aerospace worldwide.

And though that’s recovering, we’re still not caught up to where we were in 2019… and because of the pandemic, Rolls-Royce had to sell three billion new shares at a steep discount in late 2020 just to stay alive, so the recovery is not necessarily going to be reflected instantly in the share price. Their net income will recover to 2019 levels a long time before their net income per share will recover.

It is pretty objectively crazy to say that the stock would be a bargain at $50 per share, as the ads imply, because there are now more than eight billion shares outstanding — that would be a $400+ billion valuation, for an industrial company whose revenue peaked at about $23 billion a year, almost a decade ago, and currently is on a roughly $15 billion revenue pace. $50 would mean paying almost 20X revenues for a company in the midst of a long-term restructuring and turnaround process that had a peak valuation, during the stronger growth years (2007, 2013-2014), at about 4-5X revenues. $1 or even $2 may turn out to be a great value in the end, if the business really gets some momentum behind their recovery over the next few years, but $50 is crazypants.

Things have certainly been improving, they at least had an operating profit in 2021 despite the fact that their continuing turnaround (and some hiccups in COVID recovery) meant that they had negative free cash flow, and this is the fairly conservative and non-specific guidance they gave in their annual report in February:

“We are well positioned for the anticipated growth in our end markets as the impact of the COVID-19 pandemic eases. This, along with consistent good performance in Defence, gives us confidence that we will see positive momentum in our financial position in 2022, despite the challenges and risks around the pace of market recovery, global supply chain disruption and rising inflation. We expect lowto-mid-single digit revenue growth and we expect our operating profit margin to be a low-to-mid single digit percentage as we increase our engineering spend to support sustainable growth opportunities. We expect to generate modestly positive free cash flow in 2022, seasonally weighted towards the second half of the year.”

They still expect to have “modestly positive free cash flow” this year, but the first half of the year was certainly disappointing — their operating profit fell by about 60%, and was below the analyst forecasts by about 24%. They lost about 111 million pounds on the bottom line, the wrong kind of turnaround from the nascent profit of 133 million in the first half of 2021. That was largely because of some one-time profits in 2021, but still, things are not yet moving rapidly in the right direction… and to a significant degree, the recovery is not really in their hands.

For the first half of 2022, commercial Rolls Royce engines few about 60% of the hours they flew in 2019, which cuts substantially into the engine service business that is really the main driver of the company… and as of the August update, that number was still only up to about 65% of pre-pandemic levels. They’re now saying that flying hours should recover to pre-pandemic levels “by 2024,” so it might require some patience… though yes, if China really re-opens and air travel picks back up in Asia, which is expected eventually, the growth back to those levels ought to be pretty strong.

Early in the year we learned that Warren East, the CEO who has overseen the restructuring of the company (he took over in 2015), is leaving at the end of 2022, and now we know that he will be replaced by Tufan Erginbilgic. It may be that his job in rescuing Rolls-Royce from the COVID crash is done (he said at the announcement that the company was at an “intersection point” and it was the right time to leave), and that the company is back on more solid footing now after shedding lots of businesses and “right sizing” the company with something like 10,000 job losses in recent years, but that’s not at all obvious in the numbers yet. Which is why it’s a “value” stock, and why the company has gone from a $70 billion enterprise value three years ago (that’s just net debt plus market capitalization) to a $12 billion enterprise value today (it was about $16 billion when the first version of Rahemtulla’s ad ran back in March).

The opportunity? It’s likely that they will recover some of their former glory as commercial aviation returns to growth… this was a $100 billion company at its peak in 2014, and still a $50 billion company in 2019, and though some of their revenue-generating businesses have been sold, much of that shrinkage in revenue from 2020 and 2021 will probably come back when more planes are flying. On the other hand, the return to real profitability might not be fast — it’s true that companies tend to do well at inflection points, when they get through a bad patch and begin to grow again, particularly if investors suddenly decide en masse to trust a stock once more, so maybe that will happen this year… but it’s tough to guess at the timing.

I’d say the odds are pretty good that Rolls-Royce is starting to generate positive momentum again, after eking out a small profit last year and promising that they will generate free cash flow this year, and that engine maintenance business should, by all rights, again become a strong and steady cash flow-generating business that we can rely on in the future, even if the Rolls-Royce engines that happened to be on the ground in Russia at the time of the Ukraine invasion are effectively lost to them… but it’s also true that a long slog of recovery like this can be kind of like running back to the beach from chest-deep water. The effort is there, churning away below the surface, but there’s so much resistance from those new shares and the restructuring work that you don’t start to really speed up and look strong and impressive and attract attention until the water is down past your knees and you’re splashing and accelerating. And sometimes, just when everyone’s watching you run gracefully back to the beach blanket, you trip and get a face full of sand and saltwater.

Rolls-Royce is certainly one of the more powerful brands in the world, and they are one of the leaders in aerospace engines (second only to General Electric, when it comes to commercial airliners). That business has its roots in wartime, as Henry Royce designed plane engines for the UK to help with the war effort (World War I, that was), and Rolls-Royce has made good inroads in the defense business to diversify away from commercial airliners a little bit in recent years, so it could be that the increasingly bellicose sentiment in Europe will also lead to further growth for the company, though talk of increased defense spending tends to be slow in bubbling through to revenue for defense contractors.

Still, commercial aerospace is the big question mark. And it has always been so — challenges with one of their jet engine programs back in the 1970s led to bankruptcy, and effectively a takeover by the British government, which led to the company spinning off the iconic automobile brand in 1973 (Rolls-Royce Motor Cars are produced by BMW these days, under an old agreement with Volkswagen, which owns Bentley), and eventually re-privatization under Thatcher in the late 1980s, and that is pretty closely mirrored by the expensive challenges they’ve had in fixing the Trent 1000 engine design in recent years, though they were well into that recovery in 2020… and then airplane orders disappeared, and commercial aviation ground to a halt for a while.

Rolls-Royce did innovate the service contract in the jet engine business, as Rahemtulla teases when he says that they used the Netflix model, turning that from a manufacturing business into a lifecycle business as customers paid them for maintenance based on the number of hours flown, and that’s generally a great business except when global air travel stops for a few months — but that innovation really came about 20 years ago, and as I understand it that’s how GE and everyone else also does it now, so it’s not really a differentiator for Rolls-Royce today. It should provide steady cash flow in future years, and Rolls Royce is intending to use that cash flow to fund its investments in the “green” economy of the future, with new aircraft engine technology as well as little modular nuclear reactors.

Analysts have not yet been fully convinced that the turnaround at Rolls-Royce is nigh… I don’t know what analyst Rahemtulla is calling on for his 320% prediction, he’s been using that number all year now, but the average rating over in London is a “hold”, and the current estimate is that they’ll earn about 1 pence per share in 2022 (estimates have come down since this ad first ran — back in March, it was 4.5 pence per share, which is where the PE of 20 came from). The 2023 forecast is now for about four pence per share in profits, so again a forward PE of around 20 (earlier this year, analysts expected six pence of earnings in 2023). And they’re forbidden from paying a dividend for at least another year or so, because of their debt agreements, so you don’t get paid to wait for the turnaround.

When it comes to the companies that are probably the most reasonable comparisons in the jet engine market, the valuation looks like it’s a little bit cheaper than General Electric (GE) or Safran (SAFRY) and a little more expensive than Parker-Hannifin (PH) or Raytheon (RTX) — PH and GE and RTX are also involved in jet engines and power systems, but are much more diversified (PH in oil, RTX in defense, etc.), and likely to be much less levered to the pace of commercial aerospace recovery than Rolls-Royce. GE and Rolls-Royce have huge market share in the largest planes, and that’s not likely to change quickly, but there’s also much more competition when you get into single-aisle jets and smaller regional airplanes.

I do find this one interesting — it’s a way to get exposure to the recovery in commercial air travel, as more engine-hours are flown and Rolls-Royce earns more on their service contracts (and, eventually, as sales of new aircraft pick up), but the company has also been getting stronger on the defense side, with some meaningful contracts in both the US and Europe in recent years, which means they’ll likely be bolstered somewhat by rising defense spending in NATO countries in the wake of Russia’s invasion of Ukraine (though those major military aviation programs are extremely long-term in nature, that will be more of a boost three or four years from now than it is in 2022).

I’m also impressed with their initial efforts to build out modular nuclear reactors in the UK as part of Europe’s work on reducing carbon emissions… which itself will probably be boosted, if other countries get on board, by the desire to reduce reliance on Russia’s natural gas pipelines (that’s less of an issue for the UK than it is for Germany, the UK produces half the natural gas it needs from the North Sea and gets a lot of the rest from Norway, but to at least some degree it’s an issue for everyone on the continent right now). But again, that’s not going to be a 2022 or 2023 story. For now, it’s all about when commercial air travel gets back to pre-pandemic levels and, to a lesser degree, how Rolls-Royce does at selling into the next generation of wide-body planes from Airbus and Boeing (new engines right now are supply-constrained, which is slowing airplane production, but that will eventually ease, too).

Does that mean Rolls-Royce is going to issue optimistic forecasts and surprise investors with their good news at the next earnings update in December? Not necessarily, they could as easily say that the recovery in early 2022 has been slower than expected, or that expenses are rising with inflation and the weak economy in Europe, as they’ve said in the past two updates. Rahemtulla was making equally fantastical prognostications about what they would say at the May 12 AGM and the August half-year update, and investors and analysts left those meetings with a strong reaction of “meh” and the shrugging of shoulders. I’d lean toward the positive, particularly with air travel recovering and defense spending rising, but there are lots of possible outcomes, and it looks like some of the growth that was anticipated to come in 2022 is being shoved out into 2023.

It’s surely an interesting company, if the world is back to normal with strong commercial air travel recoveries they’ll probably catch the attention of investors again before too long… so personally, I’m putting this one on the watchlist — it doesn’t particularly interest me as a bet on the news to come out of the next earnings report, I don’t often make short-term bets like that, but there’s pretty clearly some potential for a longer-term recovery as cash flow from their jet engine service business (probably) picks up in the years ahead.

Their maintenance and service business should effectively be an annuity business based on the number of hours flown on their engines, and it should be the jewel of their profitability… so the next real surprise to earnings will probably come whenever that grows fast enough to overcome their other challenges and their efforts to jettison unprofitable divisions and pay down debt. Maybe that’s in December, as the new CEO tries to put his stamp on the business, maybe it’s a few years away, after seven or eight years of “restructuring” it’s hard to be super-confident about any particular timeframe.

And is there any secret to buying this stock? Not really. The short answer is, if you want to buy, buy in London if your broker lets you trade on the London Stock Exchange, buy the US ADR (RYCEY) if you can’t trade in London.

Long answer? Rolls-Royce has its primary listing on the London Stock Exchange, where it trades in pence (as I’m typing, the current price of £.80 translates to $0.94 at current exchange rates — the Pound has fallen quite sharply this year, so the performance of Rolls-Royce shares look worse in the US than they do at home in the UK). The company also has a sponsored ADR program in the US, with shares on deposit with JP Morgan that trade in the over-the-counter market at RYCEY, and there’s also an unsponsored OTC ticker at RYCEF that some brokers use when effectively buying shares for you in London and allocating them to your account and bypassing that sponsored ADR.

When in doubt, it’s usually best to trade where there is the most volume, because that’s where you’re likely to get the fairest price — and also where it will probably be easiest to sell at a fair price in the future, should you want or need to sell in a hurry (buying illiquid stocks is a LOT easier than selling illiquid stocks, as a general rule). That would be London, of course, where the primary trading takes place and where the fair price is really set, and it’s easier than ever to trade directly on major foreign exchanges using services like Interactive Brokers, but the sponsored ADR (RYCEY) also generally trades well over a million shares a day and should track very closely to the fair London price.

How do costs differ for this kind of trading? Since it’s a sponsored ADR, not just an OTC symbol representing shares on an overseas market, you will likely see an annual fee from J.P. Morgan in your account (they’re the manager of that ADR program), but you probably won’t pay an extra fee or enlarged commission from your broker. All brokers differ on what they charge, and why — but Fidelity, for example, charges an extra $50 foreign settlement fee for OTC trades of foreign shares like RYCEF, so that will hit with each buy or sell, while sponsored ADRs like RYCEY require only whatever a standard stock trading commission is for a Fidelity account. J.P. Morgan’s annual ADR maintenance fee, which is deducted automatically by your broker in much the same way that a dividend is paid to your account automatically, was two cents per share last year. I don’t know if they’ll charge a fee this year, or if it will be the same — it was one cent in 2020 — but that’s a fairly high percentage of the share price… so if you own more than a couple thousand shares, the ADR fees could be a larger bite than commissions for trading directly in London… though I’d still prefer the ADR fee for RYCEY over taking the liquidity risk of RYCEF.

If you’re interested in buying the ADRs in the US (that stands for American Depositary Receipt, by the way), you can improve your odds of getting an order filled at a fair price by trading London-listed stocks during the first couple hours of the trading day, when both NY and London are open, and it’s best to always use limit orders for OTC stocks, even ADRs… if you want to buy Rolls-Royce immediately, just look to see what the current price is in London (at RR.L), do your currency translation (I use xe.com, but you can also just type “.81 pounds to dollars” in Google and you’ll get a good instant response), and place a limit buy order at something close to that “live” price, whatever level seems fair to you. It can be a hair more complicated than just buying a US-listed company, but when you’re dealing with big companies and liquid stocks like Rolls-Royce, it’s really not particularly challenging or secret — you don’t need me (or Karim Rahemtulla) to tell you how to buy or sell shares of a large multinational company just because it happens to trade with an OTC symbol instead of a listing on the NY Stock Exchange, the biggest difference for most people is that the ticker has five letters instead of three or four.

And Rahemtulla had some “bonus” reports to tease in his ad, too — I covered one of those back in March here, if you’re interested (that was about Blink Charging, which he’s still calling his “Favorite Small Cap Play for 2022”, the shares have recovered a bit recently with the improving market sentiment so are almost back to where they were when he first touted them).

So what do you think? See some hope on the horizon for Rolls-Royce? Have other favorite plays for the recovery of commercial air travel or the rise in defense spending? Having trouble being patient after seeing this pitched as the “next great value stock” for six months? Our happy little comment box awaits below… and don’t worry, we don’t bite.
P.S. We haven’t heard much feedback from readers about Rahemtulla and Bottarelli’s Trade of the Day Plus service, so if you’ve ever tried it out please do visit our Reviews page here and let your fellow investors know what the experience was like. Thank you!

Disclosure: I don’t own any of the companies mentioned above, and will not trade in any covered stock for at least three days after publication, per Stock Gumshoe’s trading rules.