How High Can An Airport Fly?

Nigel Littlewood & Jackson Lee

Harness Asset Management

Every boom's just a matter of when. The boom in yield stocks, that appear to posses safe earnings, has been significant. Sydney Airports has been distributing more than its cash earnings (after maintenance capex) for more than a decade. The stock appears to be priced for a perfect future. How long can this go on? Have investors stopped trying to understand the risks? Full article. (VIEW LINK)


Nigel has been an investor, advisor, newsletter publisher and fund manager in the Australian Stockmarket since 1986

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