HOW TO PLAY IT

Heico Corp. is one of the best ways to play the rise of flying cars. The Hollywood, Florida–based company has built a lucrative business designing and manufacturing specialty aerospace parts. Controlled by the Mendelson family since 1990, Heico

boasted gross margins of 38.2% through the first three quarters of 2020. Its operating margin was 21.1%. And although the Mendelsons have been serial buyers of aerospace assets, the total debt-to-equity ratio, at 33.7, is extremely manageable. Shares are not exactly a bargain at 56x forward earnings, but my research suggests the stock

could trade to $165 in 12 months, 30% above current levels.