Wally Weitz Comments on Heico

HEICO Corporation’s (NYSE:HEI.A) largest segment types, manufactures and sells FAA-permitted jet engine and other plane

HEICO Corporation’s (NYSE:HEI.A) largest segment types, manufactures and sells FAA-permitted jet engine and other plane substitute pieces, ordinarily at price details below individuals presented by first gear manufacturers (OEMs). With airways all but grounded, aftermarket demand from customers for HEICO pieces and overhaul solutions has absolutely suffered. On the other hand, we assume it is not likely that air travel is forever impaired. As planes return to assistance, HEICO’s benefit proposition will support them attain sector share. HEICO’s conservative equilibrium ought to allow for them to not only survive this temporary halt but to proceed their strategy of bolt-on acquisitions at interesting rates to speed up enterprise benefit expansion.

From Wallace Weitz (Trades, Portfolio)’s Hickory Fund to start with-quarter 2020 shareholder commentary.

About the author:

Sydnee Gatewood

I am the editorial director at GuruFocus. I have a BA in journalism and a MA in mass communications from Texas Tech University. I have lived in Texas most of my lifestyle, but also have roots in New Mexico and Colorado. Adhere to me on Twitter! @gurusydneerg

Reviews

You should depart your remark: