Long/short equity, biotech, healthcare, small-cap

Is Esterline Ready To Take-Off?

Esterline Technologies (NYSE:ESL) is a diversified manufacturer of high technology components and systems for commercial and military aircraft, electronic warfare, and other systems. It also offers a wide range of products for medical and industrial markets. Primary products include avionics, sensors, interconnect systems, and engineered materials, mainly used in commercial and military aircraft. The company derives approximately 40% of its sales base from the commercial aerospace market, another 40% is from military products, and the remaining 20% is spread across medical equipment and industrial markets.

Moving on to the stock price, Esterline's stock has reflected a growth of more than 34% in the past one year, trading at around $81 currently. When the stock price shows such significant...

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