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

Good company with a toll booth business model. Pretty cheap right now.

The P/E is about average, the curve is looking stagnant, but the dividend and the low debt/equity make this a decent stock to own.

screen perameters

The pentagon just held a conference on what to do if Mexico descends into civil war. Supposedly the drug cartels are better armed than the government and in this market few would lend Mexico money so I would consider this a real possibility, and frankly civil war would greatly reduce the tourist traffic not to mention the fact that battles will rage around anything that can be used for shipping. In addition with Mexican oil peaked (and thus likely the mexican economy, for a time at least) and the world economy in truly awful shape traffic should go through the floor

buying on dip

New 52 week low. Double down on losing position. High dividend yield.

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.

Nice set of airports to be developed over the long haul, short-term fuel prices may crimp traffic, but longer term the thesis is fine

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.

locked in value, good markets,down a bit from high, good dividend

gowing economy market,growing middleclass,going to need better and more efficient airports.

Great growth potential in S. America these days

Time to play monopoly! I'll be the airport! This air toll bridge operating out of the Central North Airport Group in Mexico owns a 50 year concession to operate airports throughout Mexico. OMAB is the smaller sibling of ASR and PAC but I like it better because it has exposure to business traffic (like Monterrey) and vacation places (like Mazatlan & Zihuatanejo). I also see growth potential from a growing middle class and the increase of discount carriers which will make air travel more affordable for Joe Public. It also seems to be a little less noticed at this point which affords this great buy in price (margin of safety). No debt and lots of cash and a committed dividend that right now sits at over 3%. What's not to like? A market beater for the next five years and beyond...outperform!

OMAB operates Mexico's key airports in northern Mexico that serve the business community. While their may be some softness in business liked to the US, it will hold up better than Mexico's southern airports that cater to the tourist trade. While the Dems have criticized NAFTA, and spiked the Columbia FTA, the US/Mexico trade should prosper to OMAB's benefit.

OMAB is trading at a 25% discount to its intrinsic value with plenty of potential growth. It will outperform easily.

Another beaten up guy. Mex airport svcs. Another way to ride the current expansio in Mex.

Alright Argy this one is for you, you and your toll booth to Mexico. As for my two cents, OMA is an operator (50 year contract with the Mexican government) for many of the services found at Mexican airports. With most companies price is dictated by cost and compeition, but with OMA price is dictated by cost and ... well how much the customer would be willing to pay. Talk about Monoply, OMA owns one and so far they've only built two houses and have developed construction plans for two more houses and the hotels won't be far behind. I'll be hoping for a Free parking, heck I'll even take a go directly to jail!

1. They are firmly entrenched and running in the black.
2. They have no ready competition.
3. Management is agressive
4. Good Balance sheet.
5. Good cash flow

Check out TMFMattyA's writeup on this stock: http://www.fool.com/investing/international/2008/02/04/best-international-stock-oma.aspx

I love the growth potential!! :)

Pick this stock and watch it take off!