I traded out of OMAB, going into the bell, for $40.36 a share. I added +6.6% in price appreciation, plus another +3.8% in dividends collected, for a return of +10.4% over
This is just not that big of a return, but I need to be honest about how this year is going. I’ve taken write downs and it makes sense to offset those losses with gains wherever possible.
OMAB’s growth rate has been slowing down from the stellar +17% it was at the beginning of the year, now at around +12%. Double digit growth is still impressive but aside from that, at the end of the day, I was still the owner of a Mexican airline company.
The reasoning behind the position was to ride cheap fuel and a rebounding consumer. But after this past year, the last thing I need is any more fucker.
And Mexican companies are nothing but fuckery.If you enjoy the content at iBankCoin, please follow us on Twitter