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The Weekend Investor's avatar

Great article, I always enjoy reading up on companies I never knew existed.

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Eddy's avatar

Interesting. I don't know that I understand the business well enough to be confident investing in them. Certainly worth looking into further. One business that Mohnish Pabrai invested in Turkey called Tav Havalimanlari Holdings TAVHL.IS . is on my buy list. It is an airport service business. They own the rights to several airports in the Turkey, and several other "Stan" countries . So they have a monopoly on all the duty free goods people buy and transport. Also fueling the planes, and other services at the airports. They have long term leases and exclusive rights to the airports they service. Mohnish sees it as a heads I win, tails I don't lose much or make much investment. He bought them just a few years ago and has made money on them so far. Each plane taking off and landing provides quite a cash flow.

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