Sick of paying tolls? Why not own the toll-road?

Co-founder of the Switzer Report
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Being fed up with paying road tolls is not a sound reason to invest in the owner of the toll road.  However, as I wrote nine weeks ago, I think Australia’s major toll road owner and operator, Transurban (ASX: TCL) should be a core stock in your portfolio.

Over the last nine weeks, Transurban’s shares have risen from $11.62 to $12.28 (Friday’s close), a gain of 5.7%. The market over the same period is up by 2.1%. Moreover, this has occurred in a period of rising bond yields.

Last Thursday, Transurban updated the market with first quarter traffic and revenue outcomes. Before turning to these, a quick re-cap on the Transurban story.

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