Heico (NYSE: HEI) has been an outstanding stock -- up 843% in the last decade -- and it's a great company with exciting growth prospects. However, do these characteristics add up to make the stock a buy right now? Let's take a look at what you need to know before buying Heico shares.
For readers unfamiliar with Heico, the company designs, produces, and services niche products mainly to the aviation, defense, and space industries. Operating out of two segments, the flight support group (FSG) is the largest independent producer of Federal Aviation Administration approved aircraft and engine parts. Meanwhile, the electronic technologies group (ETG) produces electronic components for aerospace, defense, space, and electronics industries.
Part of the reason why Heico has done so well in the last 10 years comes down to the fact that Heico offers customers a cost-effective way to source Federal Aviation Administration (FAA) approved products other than from the original equipment manufacturers (OEM).
Source Fool.com