Wally Weitz Comments on Heico

HEICO Corporation’s (NYSE:HEI.A) premier segment patterns, manufactures and sells FAA-approved jet engine and other aircraft substitute elements, normally at price tag factors underneath people presented by first equipment producers (OEMs). With airways all but grounded, aftermarket desire for HEICO elements and overhaul providers has undoubtedly suffered. Even so, we think it is unlikely that air travel is forever impaired. As planes return to support, HEICO’s benefit proposition will assistance them obtain marketplace share. HEICO’s conservative balance must make it possible for them to not only survive this short term halt but to continue their method of bolt-on acquisitions at interesting prices to accelerate business benefit progress.

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

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Sydnee Gatewood

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


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