The BE Aerospace (BEAV) is trending up

BE Aerospace, Inc. (Public, NASDAQ:BEAV) is up a whopping 120% YTD.

Something isn't adding up here.Last week, the company said its second-quarter profit dropped 36 percent to $34.7 million as sales decreased 9 percent.

What's driving the stock is "post recession earnings strength".

The company made optimistic comments about airlines using up inventories of aerospace equipment and components.

B/E Aerospace's distribution business "will be one of the first commercial aerospace assets that turns to the upside as airlines begin to revamp depleted inventory levels."

Fellow Masters, there is a lot of value in BEAV, but not at the current price of +$17 a share. The chart is looking like a double top to me, wait for shares to drop back down to the $14 level before making a long term buy.