Bravo Brio Restaurant Group, Inc. (BBRG): Prominent Small Cap Investor Has a Taste for Italian and More

Air Transport Services Group Inc. (NASDAQ:ATSG) provides several services to cargo transportation and package delivery companies, including aircraft leasing, aircraft maintenance, airport ground services, as well as contract cargo airline services through three separately certificated airlines. The company has a fleet of 54 aircraft, of which 48 are owned and six are leased. The fleet is primarily made up of Boeing 767-200 and 767-300 aircraft.

Shares of Air Transport Services Group Inc. (NASDAQ:ATSG) have performed strongly, rising over 50% since the beginning of the year on the back of strong earnings due to improved operating margins.

The bottom line

Red Mountain does not have a perfect record, but their overall track record for finding undervalued companies appears solid. A recent win for the fund was when Bed Bath & Beyond Inc. (NASDAQ:BBBY) agreed to acquire Cost Plus just over a year ago for $22 per share in an all cash deal. Red Mountain acquired its initial stake in Cost Plus during 2006 at prices that ranged from approximately $9.30 to $13.94 per share. The fund owned over 3.2 million shares at the time the acquisition was announced.

Red Mountain also took advantage of the 2008-2009 market crash, adding to existing positions including the aforementioned Air Transport in which it scooped up shares for as little as $0.29 per share. Air Transport recently traded in excess of $6 per share.

I firmly believe that every investor should do their own research and due diligence. However, there is certainly nothing wrong in taking a look at what other investors are doing to get ideas for further analysis.

The article Prominent Small Cap Investor Has a Taste for Italian and More originally appeared on Fool.com and is written by Alex Gray.

Alex Gray has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Alex is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.

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