Today, continuing our review of listed airports, we will be discussing Grupo Aeroportuario del PacÃfico ("GAP") (PAC), which in my opinion offers the best risk/reward ratio among Mexican operators. GAP combines attractive growth prospects with the safety of a balanced portfolio of airports.
The share price: Wild swings in 2018
The election year in Mexico was sure to bring volatility to the local stock market which, combined with geopolitical tensions, was reflected in the price action of Grupo Aeroportuario del PacÃfico's shares:
While the market quickly overcame the jitters