PAC
Grupo Aeroportuario del Pacifico, S.A.B. de C.V.
stockNYSEADR

His own TruthSocial post shows 921 Retruths and 3.09K Likes. Those aren't enough to fill small town venue. Hell he couldn't fill a high school gym in Vandalia,Ohio. He's in denial. Just as he was in denial that the Iran War (its a war - sorry) calling it "small potatoes". The reality, and very predictable at that, is the attack on Iran and the closing of the Straight (which is still closed) drove up the market for Fossil fuels. Cutting off supply will do that. The US has PLENTY of diesel for its own needs but the Oil Cartel can make WAY more profit exporting it. So despite "Energy Independence" John Q Public takes the hit - again - really as always. Using the US Military to increase oil company profits is a pattern over 100 Years old. One could argue US Foreign and Domestic policy is written, in part, by the Oil Companies. Of course a billion in PAC contributions precipitated this action and that in Venezuela. (There were no drugs - just oil.) And not ALL alternative energy projects in process were killed. Why? Who did that serve. Anyone? Anyone?

I don't mean stocks that aren't discussed ultra frequently, I mean stocks you have a hard time finding any content about. My favorites are the Mexican/LATAM airport operators. The Mexican tickers are ASR, OMAB, and PAC. Then there's also CAAP which I believe is based in Argentina. Funny enough, Javier Milei used to work for CAAP. Basically, they all operate airports. They don't "own" the airports, they own the rights to operate and receive the profits from that operation. By the way, some of the info below may not be completely accurate, but it should be directionally so. Doing this all from memory. My favorite is ASR, which operates the Cancun International Airport, several others in Southeastern Mexico, a couple in Colombia, one in Puerto Rico, and they just recently bought a portfolio of something like 17 airport leases in broader LATAM. They also own rights or partial rights to concessions at terminals in JFK, LAX, and O'Hare. There's two sides to the business: They collect fees from airlines for using the airport, which are government regulated. They have inflation increases baked in, but they can't exert their pricing power on this portion. Then there's "concessions" (not gov regulated) which are essentially all the vendors inside of the airports. Here they can and often do exert their pricing power to increase their take rates or rents depending on the vendor. ASR has high margins, high ROIC/ROE/ROA/ROCE, is a growing business with an exceptional moat and is now trading at 12.5x earnings vs. historical average in the high teens. They've doubled revenue and operating income over the past 5 years (from the 2021 number, after the COVID recovery). Of course, it's a Mexican company so you have potential currency issues, and perhaps some additional government tail risk. But ASR has been a long-term compounder over many years. Anyway, what stocks in this vein do you all watch or own?