AeroCentury Corp: The (Stock) Price Is Right, But Are There Catalysts?

AeroCentury Corp. (NYSEMKT:ACY) is involved in the defensive and cash generative business of aircraft leasing. Unfortunately, the company only leases to regional carries and its fleet is relatively underdeveloped compared to most of its peers. For example, the company owns 9 Bombardier Dash-8-300s, 7 Fokker 100s, 3 Bombardier Dash-8-Q400s, and 13 Fokker 50 aircraft. The 7 Fokker 100s are the only jet-powered aircraft in the fleet. Aero has a current market capitalization of $25.4 million and an average daily volume of 4,500 shares. AeroCentury’s balance sheet AeroCentury Corp. (NYSEMKT:ACY) does not have the best balance sheet in the world due to…