+ Watch ASR
on My Watchlist
A holding company, which conducts all of its operations through its subsidiaries.
Part of a screener test. I looked at 4-5 star stocks, with a dividend yield above 2.5%, gross margins above 25%, price 0-50% below 52-week high, with 3-year EPS of 5+, P/E < 40. These are all interesting PEGY plays for me.
All your rents are belong to monopoly.(Ricardo and George on "The Law of Rent")
They are expanding their offering to pick up more real estate - hotels and the like. They still have Cancun for their base.
a 6% yield with high entry barriers, and almost no debt.this is worth the high risk of the foreign currency. The emerging market stock don't deserve this much of a trashing.
Great yield, monopoly, well run and looking cheap these days.
Mexico will grow.
Undervalued, EPS of 5.58, not to risky, market cap is in top 30%, lots of cash, debt to equity is less than one and under the industry average.
Straight dividend & ROE-play
I think its best this way. I hope I can receive money by this monthly.
(JJ) forced to pick a transportation stock. dividend, low debt. mexico will finally murder all the drug lords and tourism will pick up.
Red Raider is Lord
Dropping passenger numbers
Best of the Mexican Airports, this toll bridge company is the gateway to Cancun. Pays a solid dividend and will be a great long term holding.
A guess on the time frame, but I just returned from Cancun a week or so ago, and my conversations with the drivers and workers at our hotel indicated business on the up-swing. The airport was humming, and we got to the airport well in advance of departure--which is great for ASR's business. ASR is a Cancun play. Maybe a slowdown if people who want to travel now don't have passports. Country well prepared for flu--dare I say perhaps better than U.S.? Tollgate business alive and well, great dividend, stable income play (with perhaps hiccups!). Destination stock not so tied to consumer concerns--hey they're on vacation!
ASR has a strong balance sheet, limited debt, their net profit margin is increasing year over year, and they pay a healthy, consistent dividend. The way ASR held up during the recent swine flu and heavy dividend capture trading leads me to see strong support at current levels with limited downside and huge upswing potential. I interpret the technicals as showing a possible 10-15% lower level from here with a good possibility for a double on ASR within the next 12 months. In short, the potential upside heaviliy outwieghs the possible negatives as I see it.
Good fundamentals. Low valuation.
ASR has a monopoly on air traffic into Cancun. The business operates like a toll booth. I don't foresee any major decline in travel to Cancun in spite of the recession. Cancun remains and will remain a popular destination. Management appears wise and owner-friendly. The generous yield seems safe and will help the stock outperform S&P.
Travel is down, and will be declining further.
buy on dip
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