2024-07-16 23:46:06 ET
Summary
- HEICO specializes in aerospace and defense parts and services, focusing on organic and inorganic growth through acquisitions.
- The company has shown impressive long-term performance, with revenue and EBITDA growth rates exceeding industry averages.
- Investment positives include margin expansion, attractive end markets, and a balance sheet that supports future M&A.
- In my view, HEICO's current valuation is high compared to historical averages and peers, suggesting shares may be overpriced.
Introduction
Read the full article on Seeking Alpha
For further details see:
HEICO: A Great Business But With A Valuation That's Up In The Clouds