Overview
You would be hard-pressed to find a better-performing company over the last thirty years than HEICO (Heico) (HEI). The aircraft parts maker has been a true beneficiary of the growth of commercial air travel over this time period.
Source: Heico May 2020 Investor Presentation
It is a true rarity to find a company that compounds earnings at 19% over such a long time period. The question is whether investors are getting a chance to buy shares at a discounted level due to pandemic-related concerns.
3rd Quarter Results
Heico has two main operating divisions,