As visible as Erickson Air-Crane’s heavy-lift Siskorsky helicopters have been from the cinema to the nation’s capital, not to mention fighting fires around the globe, the company remains an enigma to many.
CNBC stocks guru Jim Cramer interviewed CEO and President Udo Rieder during a segment of “Mad Money” aired Friday.
There wasn’t much new presented to those who know Erickson, but Rieder was gracious enough to refer to Erickson as a “Southern Oregon” company even though he was instrumental in moving the firm’s headquarters to Portland four years ago.
Doubtlessly, there are plenty of small investors who follow the cable business channel wishing they might have known about the small company with big orange helicopters a few months ago.
Despite a slew of contracts and many possibilities Erickson had whale of a time getting its initial public offering off the ground early last year before launching at $8. The company had hoped to sell those early shares for about $14. Weeks after the April debut, shares dipped to $5.35.
Apparently the investment world didn’t get it.
Since then, Erickson has announced the acquisition of Evergreen Helicopters, gaining the McMinnville company’s extensive medium-lift portfolio, and is putting the finishing touches on an earlier buy in South America, where Erickson will work the fossil fuel fields.
Those moves must have piqued investor attention — just when they were looking for value buys during a rapidly rising market.
Shares have spiked as high as $29.42 before closing the week at $28.33. The simple math is that early investors have tripled their money and the ones that bought about this time a year ago could cash in for close to a five-fold return.