Is Heico Stock a Buy?
There are many things to like about aerospace, defense, and electronic products company Heico (NYSE: HEI). Its commercial aerospace exposure makes it a desirable growth play in a market that looks set for a multiyear recovery once the pandemic threat recedes. Meanwhile, its non-commercial aviation businesses (around 60% of revenue in 2020) give it some insurance against the downside should that anticipated rebound, for whatever reason, not materialize. Does it all add up to make Heico stock a buy? Let's take a closer look.
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The company operates in two segments. The flight support group (FSG) designs and manufactures Federal Aviation Administration-approved jet engine and aircraft replacement parts. As such, the FSG's primary competitors are the original equipment manufacturers (OEM).
Source Fool.com
