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

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

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.

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!

What a great business! OMAB is essentially a giant toll booth for some of Mexico’s largest and busiest airports. OMAB has a nice mix of business and tourist destinations, and gets paid doing everything from parking planes to leasing restaurant space in its terminals. Its 50-year concession from the Mexican government gives OMAB a virtual monopoly. As Mexican middle class continues to grow in size and spending power, OMAB will benefit substantially from increased domestic traffic at the airports it operates, driving serious cash flow to shareholders.

I consider this a seasonal stock. It should do well during the tourist season in Mexico, then lay flat for the off season. Still has room to grow for several years in fits and starts. Fits one of my preferences in that they are almost the only game in town.

Found this in IBD which I get delivered daily. I waited for it to come in from ipo Mexico mrkt is hot natives are traveling also there are americans who have residents in Mexico its a retirement and cost of living trend. resently made new high. Feel its undiscovered. bought more so I can take profits of earlier shares

Just looking for a speculative win here.