Posts  / ASR  / #POST-253400
REDDIT

What are some stocks you like that are not discussed anywhere? Not on reddit/X/CNBC etc.

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.

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. \*\*Double check the info there may be some mistakes, wasn't looking everything up but it's directionally accurate\*\*

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.

Oh I should note, these stocks I mentioned have very low liquidity so be careful with market orders.

Anyway, what stocks in this vein do you all watch or own?