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[HEI/A – HEICO Corp] Niches get riches; Part 2

That TransDigm, a proprietary, sole-sourced parts provider with a business model narrowly designed to maximize shareholder value should, well, produce tons of shareholder value, is perhaps unsurprising.  That HEICO, with an opposing value creation ethos, generates comparable returns on capital selling generic PMA parts, is less intuitive.  A PMA part is an aircraft or engine [...]
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