Oakland restaurant Obelisco returns, but in a different neighborhood
Oakland Mexican restaurant Obelisco is moving from its longtime Fruitvale address to the Lakeshore neighborhood, taking over the space at 3407 Lakeshore Ave. where the popular Shakewell and its short-lived successor, The Well, closed.
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Business Journals
9 hours ago
- Business Journals
Oakland restaurant Obelisco returns, but in a different neighborhood
Oakland Mexican restaurant Obelisco is moving from its longtime Fruitvale address to the Lakeshore neighborhood, taking over the space at 3407 Lakeshore Ave. where the popular Shakewell and its short-lived successor, The Well, closed.
Yahoo
10 hours ago
- Yahoo
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC): A Bull Case Theory
We came across a bullish thesis on Grupo Aeroportuario del Pacífico, SAB de CV on Chit Chat Stocks Newsletter's Substack by Brett Schafer. In this article, we will summarize the bulls' thesis on PAC. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. 's share was trading at $217.93 as of June 23rd. PAC's trailing and forward P/E ratios were 23.47 and 16.64, respectively, according to Yahoo Finance. A Boeing 737 aircrafts parked in an airport terminal with passengers awaiting to board. Grupo Aeroportuario del Pacífico (PAC) continues to look attractive following its Q1 update, even amid softening international tourism traffic. Passenger growth came in at 4.2%, lagging Grupo Norte (OMAB), which saw 9.1% growth, in part due to PAC's greater exposure to weaker travel demand in Cabo, Puerto Vallarta, and Montego Bay. Yet, PAC's revenue growth of 26.1% in pesos (excluding construction) significantly outpaced its traffic growth, highlighting strong pricing power and operational leverage. Notably, PAC's revenue grew faster than OMAB's, despite slower traffic expansion, thanks in part to a newly signed five-year regulatory agreement with the Mexican government. While margins at PAC, at 53.5%, have trended down slightly and trail OMAB's 56.4%, the new contract lays the groundwork for continued growth in per-passenger revenue and supports a positive long-term outlook. Rising costs in areas like maintenance, taxes, and labor are notable and could weigh on margin trajectory, but these appear manageable against expected revenue expansion. PAC generated 15.7 billion pesos in LTM operating income, translating to a 15x EV/EBIT multiple—still reasonable given its durable earnings profile. While 2025 may bring a temporary slowdown due to tourism softness, PAC remains positioned for double-digit earnings growth over the long term. Though OMAB is cheaper and may benefit more directly from a pending regulatory update, PAC's resilient fundamentals, strong airport network, and improving per-passenger economics continue to make it a compelling core holding. The market still appears to undervalue PAC, offering a favorable entry point for long-term investors. Previously, we covered on Grupo Aeroportuario del Pacífico, SAB de CV (PAC) by Chit Chat Stocks in May 2025, which highlighted the company's strong pricing power, resilient domestic traffic, and potential for double-digit earnings growth. The company's stock price has appreciated by approximately 6% since our coverage. The thesis still stands as structural growth drivers remain intact. Brett Schafer shares an identical thesis but emphasizes PAC's positioning versus OMAB. Grupo Aeroportuario del Pacífico, SAB de C.V. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 6 hedge fund portfolios held PAC at the end of the first quarter, which was 5 in the previous quarter. While we acknowledge the risk and potential of PAC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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CME Group (CME) Plans Index for Mexican Equity Market Exposure
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