market folly

Tom Bancroft's Makaira Partners has filed a Form 4 with the SEC noting they've been buying  more shares of Wesco Aircraft Holdings (WAIR).  Last week, we drew attention to the fact that Makaira was buying WAIR shares.

Their latest round of buying comes on August 25th, 28th, and 29th.  In total, they acquired 79,184 shares at various prices ranging from $7.975 to $8.10.  After these transactions, Makaira now owns over 10.17 million WAIR shares.

Per Google Finance, Wesco Aircraft Holdings is "a distributor and provider of supply chain management services to the global aerospace industry. The Company operates through two segments: North America and Rest of World. As of September 30, 2016, the Company supplied over 565,000 active stock-keeping units (SKUs), including C-class hardware, chemicals, electronic components, bearings, tools and machined parts. The Company's products include Hardware, Chemicals, Electronic Components, Bearings and Other Products. Its Services include Quality Assurance, Kitting and JIT Supply Chain Management. It caters to commercial, military and general aviation sectors, including the original equipment manufacturers (OEMs) and their subcontractors, through which it supports various Western aircraft programs, and also sells products to airline-affiliated and independent maintenance, repair and overhaul (MRO) providers. It also services industrial customers."