Grupo Aeroportuario del Centro Norte(ADR) (NASDAQ:OMAB)
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.
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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.
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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
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Just looking for a speculative win here.
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Grupo Aeroportuario del Centro Norte, S.A.B. de C.V holds concessions to operate, maintain and develop 13 airports in the central and northern region’s of Mexico. The company generates income by charging fees from airlines, passengers and other users for the use of the airport facilities. Also it derives rental and other income from commercial activities conducted at airports, such as the leasing of space to restaurants and retailers. The company came with a public issue in November 2006.
A combination of factors are likely to drive air passenger traffic in Mexico. The revision of bilateral agreement between US and Mexico is likely to increase flights between the two countries. Also the continued entrance of low cost carieers (LCC) in Mexico are likely to boost up air traffic at the airports. These LCC’s have announced several new domestic routes in Mexico that have contributed to increasing passenger traffic and should continue to do so as further new routes are added. The company has 80% of the traffic in the domestic market, which is highest among its peers.
Intense air and passenger at Mexico City International Airport has prompted to create additional hubs outside Mexico City, which creates a good opportunity for Monterrey Airport, maintained by the company. Also, this airport is being expanded to accommodate anticipated traffic growth, as a new terminal is under construction.
This stock is attracting investor’s attention, as passenger growth is key revenue driver and that domestic traffic is poised to benefit the most from the ongoing industry developments.
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Similar business to successful mexican company (PAC) which isup 25% in past about 6 months.
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Based on what the other airlines did since their IPOs, I see no fundamental reasons the same will not happen to OMAB. Get in early, and enjoy the 2007 ride higher.
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Hot IPO
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with mexico's growuing economy & wealth, besides the fact that this airprot operator is in monterrey..will keep going higher
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