u/solacelabx · 36d ago4 prior · awaiting results
“I hold a position”
CAAP, an irreplaceable toll bridge of 52 international airports trading at a 53% margin of safety
CAAP operates 52 monopolistic airport concessions with dollar-linked tariffs and high-margin commercial revenues, trading at 9.66x adjusted free cash flow despite strong fundamentals. The market has irrationally discounted the stock due to Argentina macro concerns, missing the structural durability of these infrastructure assets and management's proven capital discipline—the stock offers a 53% margin of safety at current levels.