Last month, I decided to begin listing value stocks I was interested in - ones that I perhaps hadn't covered yet, wasn't planning to for some reason, or numbers that just caught my eye as I cast my gaze down my various screens. August's list was rather monumental - a feat that I don't think I'll be able to match for quite some time. As I'm looking for diversity, most of the value stocks I discuss became cheap because of both a combination of company specific and sector-wide factors. But it'd surely be no fun if my 'value list' entirely comprised of all the UK housebuilders trading on small tangible books - that doesn't give anyone ideas, just reminds everyone that the housing sector is down in the dumps at the minute! And so, this month, I've aimed for 5 companies in different sectors, giving different types of exposure, but with one common theme - they all look cheap on an earnings or assets basis. Upon further investigation, I'll probably find most of these difficult to invest in for one reason or another; but throwing them out here at such an early stage helps show what I look at and perhaps will give fellow investors some ideas.

Capital Lease Aviation (LON:CLA)

This certainly comes under the 'interesting' category! CLA buy (using a large amount of debt) aircraft, which they then lease to other companies - Thomas Cook currently in possession of 3 of their fleet of 6. If you've ever wanted to own an Airbus, then, here's your chance for a slice of that - and you're getting a slice off the actual value, too, as the business is trading for 57% the value of its net assets. The structure of the business means it's currently highly cash generative - depreciation is its main 'expense', with huge cash flow spikes as a new aircraft is purchased and extremely strong inflow otherwise. Realistically, I know I can't invest - I'd want far more knowledge about the depreciation of aircraft, and Thomas Cook being in possession of half their fleet isn't hugely reassuring. With no fundamental knowledge of the aircraft leasing industry, I have no idea how easy it is to renegotiate leases, and industry dynamics are especially vital in a company as leveraged as this. For anyone with that inside…

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