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Corporación América Airports S.A. (CAAP): A Bear Case Theory 

We came across a bearish thesis on Corporación América Airports S.A. on Monopolistic Investor’s Substack by Antoni Nabzdyk. In this article, we will summarize the bulls’ thesis on CAAP. Corporación América Airports S.A.'s share was trading at $26.40 as of December 2nd. CAAP’s trailing and forward P/E were 23.98 and 4.89 respectively according to Yahoo Finance.

Corporación América Airports (CAAP) operates 52 airports globally, with its largest footprint in Argentina, a country facing ongoing economic instability. The company generates revenue primarily from aircraft...