Wouldn’t even need to look at the numbers to know Wellington airport is probably not setting the world on fire. I guess what I’m wondering is - if distressed/motivated sellers appear, at some point do buyers see airports/ports/toll businesses etc. as a cyclical opportunity?
It seems super risky with our COVID future seemingly unknown, but it’s been done before.
I think Buffett did it with railroads maybe 10 yrs or so back, I can’t recall exactly when he dived in there.
Anyway, it’s probably a moot point with IFT pushing into businesses that are generally leveraged to tech, renewables & now health it would be a bit of a left turn to start picking up ports or travel infrastructure.
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