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HEICO Corporation Message Board

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  • Howie58 Howie58 Apr 1, 2003 1:07 AM Flag

    A Contrarian, Straw Hat in Winter Play?

    You:

    If you believe that the market is "rational," it doesn't like Heico's prospects--you don't see money making firms selling below book value (if I can believe the Yahoo numbers).

    Mendelson may need to increase share buy back; he overthrew the prior management on grounds that the company's value wasn't being realized--now the shoe may be on the other foot. Meanwhile, the salaries he and his family are receiving seem quite high.

    This company's share values may be telling us that airline capacity will continue to shrink. Not a particularly pretty picture.

    Best,

    Howie

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    • Good points. May not be pretty. Mgt/family make money whether company/stockholders do or not.

      Market is down overall, and way down in aircraft sector, and Heico is down more.

      Heico needs to show that it can win business in this airline shakeout environment. They said they could get more business because their parts are cheaper, now they need to prove it. It is possible for a company to prosper in a down market/segment if they offer a better solution.

 
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