To Get to el Aeropuerto, First You Must Cross a Moat
We recently took a deeper look at the three Mexican airport operators we cover—Centro Norte, Pacifico, and Sureste—that possess wide moats thanks to 50-year concessions granted by the Mexican government combined with the powerful efficient scale moat source. We think all three offer investors unique small-cap stocks with wide moats, a competitive advantage rating possessed by only 5% of the small-cap stocks Morningstar covers. Centro Norte, Pacifico, and Sureste are all trading at price/fair val...Grupo Aeroportuario del Sureste holds concessions to operate, maintain and develop nine airports in the southeast region of Mexico. As operators of these airports, Co. charges airlines, passengers and other users fees for the use of the airports' facilities. Co. also derives rental and other income from commercial activities conducted at its airports, such as the leasing of space to restaurants and retailers. Co.'s concessions include the concession for Cancun International Airport, the airports in Cozumel, Huatulco, Merida, Minatitlan, Oaxaca, Tapachula, Veracruz and Villahermosa.
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