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PAC - Grupo Aeroportuario del Pacífico Offers Cheap Exposure To Mexican Growth
Grupo Aeroportuario Del Pacifico S.A. B. de C.V. de C.V.
I have looked at Grupo Aeroportuario del Pacífico (PAC) stock a few times over the last years and it always seemed too expensive to me.
PAC stock price chart
However, the expensiveness didn't stop it to reach a high of $135 just prior to the COVID-19 crisis. The investing thesis has always been based on the high single digit Mexican market growth, backed up by revenue and dividend growth, so it is time to see whether this interruption and stock price decline of 50% gives an opportunity for long-term investors.