Bought CCJ and OMAB

I am deploying some cash here, by buying back my old position of CCJ for $14.14, and starting a new position in OMAB for $37.78.

CCJ is a well documented position by me, and I believe the thesis holds. Uranium prices are continuing to recover. CCJ has some issues with the Canadian government they’re working through, and have been smacked around by the selloff. I think uranium will have its day soon enough. Cheap, clean power is a global commitment – to that end, the climate change crowd will at least serve some purpose for me.

OMAB is a publicly traded Mexican airport which has been growing at a double digit pace. As the American consumer continues to reap the windfall of cheap gasoline, I expect vacations will pick up. OMAB is the terminal for Cancun, as well as other locations across that region. They also are a major owner of a Puerto Rico airport.

Besides continually growing traffic, they also should get a benefit from cheap fuel prices.

OMAB was detailed in the Income Investment Report, if you want more information.

Cash stands at 60%.