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Loar's high valuation post-IPO raised concerns, despite solid earnings and acquisition performance.
Loar's business model mirrors TransDigm, focusing on aerospace components with high margins and market-leading positions.
Shares have traded within a range since the IPO, with a recent acquisition boosting sales but maintaining a very high valuation.
In the final days of April, I believed that aerospace supplier Loar ( LOAR ) was flying too high in its public offering. In fact, I believed that the valuation following the public offering was getting almost outrageous....