HEICO is a rare compounder because owner-managers with a decentralized culture keep growing niche, FAA-approved aerospace parts. The Mendelson family owns about 20%, and the stock has compounded about 22% a year since 1990. Q2 revenue rose 25% to $1.38B and EPS 49% to $1.66, both beating estimates. Planes fly 30+ years and need parts throughout, in an aerospace market projected to grow from $330B in 2023 to $662B by 2033. The stock is always expensive; low $40s would be a lucky entry. x.com  … Show more

Honeywell Aerospace has always been a weak business, with a worse mix than better aerospace names such as HEI, TransDigm, Howmet and GE. With so many good aerospace businesses available, there is little reason to own it. @pitandhummus agrees that, underwritten standalone after the spin-off, it looked overstated relative to much better businesses like GE. x.com  x.com 

Samsung Electronics preferred shares trade at a ridiculous discount to the common, and an activist is now pushing management to buy back and cancel them. The gap mainly reflects the preferreds' lack of voting rights and mutual funds and ETFs buying the common shares instead. x.com  x.com 

Samsung Electronics preferred shares look mispriced at a record 35% discount to the common, when fundamentally they are nearly the same thing. They realistically pay the same dividend and lack only voting rights and some liquidity, which matters little unless you are a very large holder. The gap likely reflects funds, ETFs and retail chasing the common stock while many investors don't know the preferred exists. x.com  x.com