The COVID-19 pandemic has devastated airlines, and weighs heavily on aerospace companies that rely on aviation for substantial portions of their revenue. Boeing (NYSE: BA) , for example, has lost about half of its value in 2020, and some suppliers further down the food chain have been hit harder.
Heico (NYSE: HEI) has held up better than most, but it too is feeling the impact of the pandemic. Here's a look at how Heico has fared through the crisis, and whether the stock is an attractive buy today.
Heico is best known as an aerospace supplier, but it is its non-commercial aerospace businesses that have done the heavy lifting so far in 2020. The company generates about half of its sales from the defense, space, medical, and electronics end markets, and those units have been able to offset some of the weakness in airline-related revenue.
Source Fool.com