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$8.42 -0.07 (-0.82%)
12/1/2008 11:57 AM

Grupo Aeroportuario del Centro Norte(ADR) (OMAB)

CAPS Rating:
****

A corporation organized under the laws of Mexico and was incorporated in 1998 as part of the Mexican government's program for the opening of Mexico's airports to private investment.

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Avatar dsage1 (< 20) Submitted: 6/01/08 3:34 PM : Outperform Start Price: $20.46 OMAB Score: -19.20

Positives:

1. I expect retirees to move in unpredecented numbers to Mexico. They will have large amounts of disposable income to fly around the country having a good time. Warm climate, & the peso has remained steady with the dollar (don't expect that to last). Also retirees should be a nice stablizing force in the region.
2. They have a monopoly until 2050.

Negatives:

1. High oil prices have slowed current passenger growth. Short-term problem.

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