Corporacion America Airports: Soaring Traffic Makes This Dip Worth Buying

  • CAAP remains my top Argentine equity pick, and the recent dip under $20 is another buying opportunity. Argentina's pro-business reforms, surging GDP, and robust air traffic growth all point to additional upside for the airport operator. The recent selloff in CAAP and Argentine equities is overdone; strong traffic growth makes CAAP undervalued and poised for new highs.