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Grupo Aeroportuario del Sureste (ADR)

  • Opportunity in Mexico's Airport Operators

    By Damian Illia - May 21, 2013 | Tickers: OMAB, PAC, ASR

    With the Mexican economy growing at around 3.5% in 2012, it’s not surprising that airport traffic was up for the year. Tourism is one of the biggest sources of foreign currency for Mexico. As the Mexican economy's growth is expected to be close to its potential, at 3.5% in both 2013 and 2014 (IMF WEO report April 2013), investing in airport operators is an opportunity to more »

  • Mexican M&A Candidates

    By Federico Zaldua - April 4, 2013 | Tickers: ASR, TV, WMMVY.PK

    The market is long Mexico. During the first three months of this year, the country has led the Latin American pack for share sales and M&A activity. The reasons are to be found in Mexico's renewed growth prospects. The IMF expects the country to grow by 3.5% this year and next as Mexico’s export-led economy benefits from an increasingly active US economy. According to Dealogic, in more »

  • Yield and Growth in Mexican Airports

    By Joshua Bondy - February 15, 2013 | Tickers: OMAB, PAC, ASR

    Years ago the Mexican government decided to privatize a portion of its infrastructure. A collection of privatized airports are publicly traded in the U.S. and they have proved to be quite profitable investments over the past decade. The airline industry has a bad name due its flagship carriers' continual problems. These Mexican airports are not well-known, but they offer the stability and growth potential that is hard to find more »

  • The Johnny Depp of Closed-End Funds Talks CUBA (part 8)

    By Nick Slepko - October 5, 2012 | Tickers: ASR, RC, TV, CUBA, MSF

    Closed-end fund guru Tom Herzfeld discusses Cuba and his most popular fund, the Herzfeld Caribbean Basin Fund (NASDAQ: CUBA).

    [Continued from part 7]

    Nick Slepko: How about Grupo Aeroportuario del Sureste (NYSE: ASR)?  They run several airports in southern Mexico, and their stock has done well even during the recession.  How did they get on your radar? 

    Tom Herzfeld: We got them as a result of an arbitrage.  It was more »