Breeze-Eastern Corp (NYSEMKT:BZC)
Breeze-Eastern Corp (NYSEMKT:BZC) is an obscure, cheap stock in a duopoly. Breeze-Eastern makes rescue hoists, cargo winches, and cargo hooks for helicopters. A rescue hoist is a cable winching device mounted to a helicopter. It lowers people from the helicopter and then raises them back up to the helicopter. Many rescue hoists are capable of raising 600 pounds of weight. So, it is possible to lower a rescuer down from the helicopter to the ground or sea and then have that rescuer attach the victim and raise them both back up to the helicopter. A Breeze-Eastern rescue hoist can cost $250,000. The company has one competitor: United Technologies. Breeze is one of the safest and best long-term buy and hold opportunities we have featured in Singular Diligence. We have picked stocks with more upside. And we have picked stocks that were cheaper. But we have not picked any stocks with a clearer future. BZC is the perfect buy and hold stock.