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Via Long Investment Ideas from Seeking Alpha:
Sometimes it actually rains in Southern California, or just becomes overcast during January and February every year. During that time the depressed residents of this area enjoy nothing more than a trip to balmy climates just south of the border where their dollar goes a little further and the SPF 50 cocoa butter is plentiful off season. Grupo Aeroportuario del Pacifico S.A.B de C.V. (PAC) [GAP] is a company that welcomes the Smog Birds of Southern California to their airports on their way to the vacation resort of their choice. GAP is one of three airport operators [the other two being Grupo Aeroportuario del Sureste (ASR) and Grupo Aeroportuario del Centro Nort (OMAB)] concessions in Mexico created in 2005 with the privatization of the airport management entity. It has 12 airports under management in the Western part of the country including Guadalajara (third biggest in Mexico), Puerto Vallerta, Los Cabos, Tijuana and smaller locations Mexicali, Hermosillo, Agaucalientes, Bajio, Morelia, La Paz and Manzanillo.
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