Core Thesis - Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) is viewed positively due to its monopoly position, long-term government-backed contracts, and strong financial performance, making it a compelling long-term investment opportunity [1][5][6] Company Overview - OMAB operates 13 airports in higher-income cities in Mexico, including Monterrey, Acapulco, Mazatlán, and Ciudad Juárez, and is led by CEO Ricardo Duenas Espriu since 2018 [2] - The company has a government-backed contract to operate these airports until 2048, positioning it as a durable monopoly [2] Revenue Structure - OMAB's revenue is divided into Aeronautical revenue from per-ticket fees charged to airlines and Non-Aeronautical revenue from retail, restaurant leases, and hotel operations [3] - The company can adjust per-ticket fees slightly above inflation every five years, with the next renegotiation scheduled for 2025 [3] Financial Performance - OMAB has a trailing P/E of 17x and a forward P/E of 14x, with an EV/EBITDA of 10x trailing and 8.7x forward, indicating strong profitability [4] - The company boasts a 50% return on equity (ROE) and a 23% return on invested capital (ROIC) [4] - OMAB holds $242 million in cash against approximately $500 million in debt and offers a 4.6% dividend funded by about 75% of free cash flow [4] - Over the past decade, revenue has compounded at 14% and diluted EPS at 17%, supported by increasing operating margins [4] Investment Outlook - Despite potential risks such as declines in passenger volumes due to economic downturns, OMAB's monopoly position, robust domestic traffic, predictable contracts, and attractive dividend provide downside protection [5] - Anticipated economic growth in Mexico, rising ticket fees from the 2025 renegotiation, and steady volume growth present strong potential for multiple expansion and long-term returns [5][6]

Core Thesis - Uniti Group Inc. is viewed as a compelling investment opportunity following its merger with Windstream, transitioning from a passive fiber owner to an active operator of fiber infrastructure [2][3]. Company Overview - Uniti Group Inc. trades at $8.13 as of February 10th, with trailing and forward P/E ratios of 1.15 and 11.86 respectively [1]. - The company controls a fiber portfolio valued at approximately $9 billion, covering around 217,000 route miles across three segments: Kinetic, Fiber Infrastructure, and Uniti Solutions [3]. Business Segments - Kinetic focuses on residential and small business fiber, characterized as capital-intensive and cash-consuming [4]. - Fiber Infrastructure, which leases fiber to hyperscalers, carriers, and government agencies, is the high-margin core of UNIT's strategy [4]. - Uniti Solutions offers IT and cybersecurity services, contributing attractive free cash flow [4]. Strategic Focus - Management, backed by activist investor Elliott (25% ownership), aims to divest non-core segments, particularly Kinetic, potentially generating around $6 billion to reduce leverage and interest expenses [5]. - A potential sale of Uniti Solutions could yield an additional $1.5-2 billion [5]. Financial Position - Post-merger refinancings have extended debt maturities beyond 2030, reduced interest costs, and improved liquidity, allowing for strategic asset dispositions while maintaining operational focus [6]. - The Fiber Infrastructure segment is well-positioned to benefit from the anticipated surge in fiber demand driven by AI, with a total addressable market expected to quintuple by 2030 [6]. Valuation Insights - Using a sum-of-the-parts approach, UNIT's current EV-to-EBITDA multiple of 7.6x is considered to undervalue the company, with potential monetizations suggesting significant upside [7]. - Elliott's involvement enhances confidence in UNIT's ability to unlock value, positioning the stock as an attractive high-risk/high-reward investment for 2026 [7].

We came across a bullish thesis on BJ’s Wholesale Club Holdings, Inc. on Canadian Cashflow’s Substack. In this article, we will summarize the bulls’ thesis on BJ. BJ’s Wholesale Club Holdings, Inc.'s share was trading at $99.52 as of February 11th. BJ’s trailing and forward P/E were 22.93 and 21.28 respectively according to Yahoo Finance. Biggest Industries in America BJ’s Wholesale Club (BJ) operates a proven warehouse retail model in the U.S., positioned between traditional grocery stores and large-sca ...

Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Market analysts react to US-Israel strikes on Iran February 28, 20261:53 PM UTCUpdated ago By Reuters Smoke rises after reported Iranian missile attacks, following strikes by the United States and Israel against Iran, in Manama, Bahrain, February 28, 2026. REUTERS/Stringer Purchase Licensing Rights, opens new tab Feb 28 (Reuters) - The United States and Israel launched strikes on Iran on Satur ...

Group 1 - The U.S. attack on Iran is expected to significantly impact defense stocks, potentially leading to increased military spending and stock performance in the defense sector [1] - Energy stocks are also likely to be affected due to the geopolitical tensions, which may result in fluctuations in oil prices and supply chain disruptions [1]

We came across a bullish thesis on Intercontinental Exchange, Inc. on The Diversified Fins Analyst’s Substack. In this article, we will summarize the bulls’ thesis on ICE. Intercontinental Exchange, Inc.'s share was trading at $149.83 as of February 12th. ICE’s trailing and forward P/E were 26.34 and 20.41 respectively according to Yahoo Finance. D-Wave Quantum (QBTS) Gets 20% Boost on Expected Business Updates Charts on the computer Intercontinental Exchange, Inc., together with its subsidiaries, provi ...

We came across a bullish thesis on The Kraft Heinz Company on SmallCap Value's Report’s Substack by SmallCap Value. In this article, we will summarize the bulls’ thesis on KHC. The Kraft Heinz Company's share was trading at $24.32 as of February 12th. KHC’s trailing and forward P/E were 22.43 and 12 respectively according to Yahoo Finance. Copyright: magone / 123RF Stock Photo The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America an ...

Nvidia (NVDA 4.43%) posted 73% revenue growth in its most recent quarter, as well as stellar bottom-line profitability. Plus, the company is guiding for even faster growth in its current quarter. Even so, the stock fell by about 5% on the heels of its earnings report. In this video, Motley Fool analysts Matt Frankel and Tyler Crowe discuss why investors might be approaching Nvidia with caution.*Stock prices used were the morning prices of Feb. 26, 2026. The video was published on Feb. 28, 2026. ...

We came across a bullish thesis on Olin Corporation on Penny on the Dollar’s Substack. In this article, we will summarize the bulls’ thesis on OLN. Olin Corporation's share was trading at $25.68 as of February 12th. OLN’s trailing and forward P/E were 19.62 and 42.73 respectively according to Yahoo Finance. 27 Largest Biotech Companies in the US Pressmaster/Shutterstock.com Olin Corporation manufactures and distributes chemical products in the United States and internationally. OLN recently issued preli ...

We came across a bullish thesis on Sasol Limited on Penny on the Dollar’s Substack. In this article, we will summarize the bulls’ thesis on SSL. Sasol Limited's share was trading at $7.68 as of February 12th. SSL’s trailing and forward P/E were 11.64 and 7.81 respectively according to Yahoo Finance. chemical, industry Adam Gregor/Shutterstock.com Sasol Limited operates as a chemical and energy company. SSL is one of the most controversial and overlooked opportunities in global energy, trading at an ente ...