HEICO Has the Better Business, the Better Balance Sheet, and a Price That Makes It Impossible to Buy

The article uses a $90,000 bag of screws to illustrate differences in how HEICO and TransDigm extract profits from the same captive market. It characterizes one company as having cleaner books and a stronger moat, but says its valuation is high enough to penalize buyers; the text does not specify which company or provide supporting financial figures.