Stronger Traffic And Less Political Panic Benefiting OMAB

I liked Grupo Aeroportuario del Centro Norte (OMAB) (“OMAB”) back in late May, but I didn’t really expect to see a better-than-25% move in the shares in such a short period of time. While OMAB continues to see strong traffic and a healthy Mexican economy, as well as strong execution on costs, the stock also got some leverage from the sharp rebound in the Mexican stock market since the late May lows.

With the big move in the shares, the low-hanging fruit is once again off the table here, but I do believe OMAB remains positively leveraged to a still-healthy Mexican economy. The implied returns for the shares are still good enough to justify holding on, but I’d wait in the hope of a pullback if you don’t already own shares.

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Stronger Traffic And Less Political Panic Benefiting OMAB