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Heico Corp

Article Abstract:

Aircraft engine manufacturer Heico Corp's January first-quarter sales dropped to $5.4 million from $6.3 million, reducing its earnings to $246,000 (11 cents a share) from $549,000 (21 cents). The company attributes its loss to its MediTek Health Corp.'s startup costs, its Jet Avion division's low demand and current litigation expenses amounting to at least $100 million. Chmn and CEO Laurans Mendelson expressed optimism over Jet Avion's improved profits despite a low demand for engine spare parts in the airline industry. Heico launched a stock repurchase program in 1990 and has since recovered one million shares.

Aircraft parts and equipment, not elsewhere classified, Aircraft engines and engine parts, Aircraft engine industry, Heico Corp. (Hollywood, Florida)

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MGIC Investment Corp

Article Abstract:

MGIC Investment Corp's (MGIC) maintains its Buy rating, after registering a 35% increase in transactions in 1991, with operating costs only up by 15%. Analysts also cite the consistent quarterly volume growth in 1991. The Milwaukee-based mortgage insurer's excellent performance is attributed to increased demand for insurance, lower house prices, relaxed regulations, financial support and tax relief. Robert W. Baird Co increases earnings estimates from $2.68 to $3 for 1992 and $3.50 in 1993.

Surety insurance, MGIC Investment Corp.

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