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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.
OMA at $13 is pretty compelling. It is the most undeveloped of the the three Mexican airport groups and has the most capex requirements. Even so, market cap is only $670 million and it trades for about 10x earnings and 6x EBITDA - dirt cheap. Traffic was down 8.4% in the latest month and the shares have fallen, opening up an opportunity.
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