Senior Analyst: JP Geygan (jp.geygan@gvi-corp.com)
Associate Analyst: Satendar Singh (satendar.singh@gvi-corp.com)
BRS 2017-10-23:
Bristow Group Inc. is a leading provider of industrial aviation services to the offshore oil and gas industry throughout the world, offering helicopter transportation services, search and rescue capabilities and fixed-wing airline and charter operations. While liquidity concerns have been raised in recent periods, the company has aggressively managed debt and sold select assets to maintain a comfortable liquidity position. Trading at a steep discount to tangible book value, Bristow presents a compelling investment opportunity in light of substantive corporate changes and increased activity in the offshore oil and gas industry. Global Value Research Company (GVRC) therefore initiates coverage with a buy rating and a target price of $21.00.
