“HEICO Vs. TransDigm: Whose Aerospace Monopoly Is Better?”
HEICO has superior business quality (lower leverage, aligned management, durable moat) compared to peers, but faces valuation risk as the market prices in this quality.
So we concluded in that conversation that Hiko was a higher quality business than trans nine, but we didn't really dig into specifically why that is. But I admittedly have not looked into Hiko with as much detail.
three of Hiko name competitors are General Electric, Pratt and Whitney and Rolls-Royce.