Bear Stearns Investment Banking Pitch Book
Aviator Stock Price Performance
Daily: May 9, 2004-May 9, 2005
Volume
60,000
40,000
D
50,000
30,000
B
20,000
A
C
E
F
10,000
0
5/04
05/24/04:
07/06/04:
07/27/04:
10/26/04:
10/28/04:
11/01/04:
A
B
7/04
9/04
Announced a voluntary contribution of approx. $111M of its
common stock to its pension plan.
Volume
E
11/04
Announced it had completed cash repurchases of $131.6 million
in principal amount of its 11 1/8% senior secured notes during the
third fiscal quarter.
Announced Q3 '04 EPS of 16 cents versus consensus estimates of
12 cents.
Provided guidance for fiscal year 2005 including operating
margin between 8.5-9.0% and revenue growth between 25-27%
compared to fiscal 2004 revenues of $4.1B.
Announced Q4 '04 EPS of 19 cents versus consensus estimates of
18 cents.
Commenced a cash tender offer for any and all of its 11-1/8%
Senior Secured Notes due 2009.
G
Price
G
H
I
J
1/05
01/25/05:
H
3/05
04/19/05:
$20.00
5/05
18.00
16.00
14.00
12.00
10.00
8.00
6.00
11/18/04: Announced a redemption for cash all of its outstanding Liquid
Yield Option Notes due 2021 ("LYONS") on December 20,
2004. The redemption price was $545.67 per $1,000 principal
amount at maturity of LYONS.
Price
Announced Q1 '05 EPS of 17 cents versus consensus estimates
of 18 cents.
02/24/05: Announced the successful completion of a new $400 million
five-year unsecured revolving credit facility and the reduction
of secured floating rate notes associated with the Tenovis
acquisition.
Announced Q2 '05 EPS of 9 cents versus consensus estimates
of 18 cents.View entire presentation