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HEICO (NYSE:HEI) is a company that over the last 40 years has beaten all major American indices. Over the last 20 years, the company has compounded value at an annual return of 20% focusing on a niche
HEICO: You Still Have To Wait A Bit More
Summary
- HEICO is an extraordinary business that grows both organically and through acquisitions.
- The company operates in niche markets that allow the company to compete on quality more than pricing.
- Revenues have increased at a rate of 10% per annum and FCF has also grown at similar rates.
- The company has little debt and funds its expansion with the cash flows generated by the businesses they acquire.
Passionate investor and avid market observer with a deep enthusiasm for discovering opportunities in publicly traded companies. Specially focused on companies with growing competitive advantages obsessed with long term value generation and survival through all economic cycles. Total returns2021: 14.9%2022: -16.7%2023 (YTD): 22.3%
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