Grupo Aeroportuario del Centro Norte(ADR) (NASDAQ:OMAB)

CAPS Rating: 4 out of 5

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.


Player Avatar XMFRedwood (90.60) Submitted: 9/22/2008 11:20:28 AM : Outperform Start Price: $9.38 OMAB Score: +212.95

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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