GXG - Avianca: A Great Value Airline Within A Rapidly Growing Market
Investment Thesis
Avianca (AVH) is Colombia's flag-carrying airline, flying to 114 destinations and serving approximately 30 million customers every year. The company is currently very undervalued on the basis of its assets and this is almost certainly due to unwarranted fears associated with investing in Colombia combined with general confusion about the structure of the business. By purchasing shares in the company, a value-oriented investor can expect to receive a high return for a relatively small amount of risk.
Scared of Colombia?
I should perhaps begin this article by highlighting the fact