Mexican Airport Management Stocks Soaring
Trading Update | September 3, 2012 The Mexican government in the 1990s enacted laws to promote the expansion, development and modernization of that nation's airport infrastructure by encouraging investment and competition. Today, shares of three Mexican airport management firms are available to U.S. investors. Grupo Aeroportuario del Sureste SAB de CV (NYSE:ASR) managed nine airports in Mexico’s southeast municipalities of Cancun, Cozumel, Merida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula and Minatitlan. In addition to management of facilities used by airlines and passengers, ASR also derives revenue from non-aeronautical activities such as the leasing of space to restaurants, retailers and service providers. Grupo Aeroportuario del Pacifico SAB de CV (NYSE:PAC) manages 12 airports serving metropolitan Guadalajara and Tijuana in addition to tourist destinations Puerto Vallarta, Los Cabos, La Paz and Manzanillo and a number of mid-sized cities In the most recent year the firm’s airports handled approximately 28.2 million terminal passengers, including many on international flights. Grupo Aeroportuario del Centro Norte SAB de CV(NASD:OMAB) participates in the operation and management of 13 airports located in nine states in the Central and northern regions of Mexico that include Acapulco, Ciudad Juarez, Culiacan, Chihuahua, Durango, Mazatlan, Monterrey, Reynosa,San Luis Potosi, Tampico, Torreon, Zacatecas and Zihuatanejo. In addition, the firm helps manage a five-star hotel and approximately 5,000 square meters of commercial space inside Terminal 2 of Mexico City International Airport. To find out which of these is in our portfolios, check out the attached weekly update and ... Happy trading this week! Rudy Top stocks mentioned this week include: Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) +5.3% Sociedad Quimica y Minera de Chile SA (NYSE:SQM) +3.7% Gafisa S.A.(NYSE:GFA) +3.3% Repsol YPF, S.A. (NYSE:REPYY) +3.1% Data date: 8/31/12 If you can not see the file download button and link below for this posting it is because you are not logged in. Login or subscribe to see and download the latest trade ideas. It takes only 2 minutes to subscribe. read more
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