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Strategies & Market Trends : Cemex
CX 8.14+0.6%10:44 AM EDTNews

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To: LT-Optimist who wrote (79)12/23/2012 7:39:21 PM
From: Glenn Petersen   of 81
 
I think that the analytss were primarily focused on the fact hat Cemex has had some success with its debt restructuring. I think that there was a real possibility that the debt burden could have driven them into bankruptcy.

I agree with you that the housing recovery in the U.S.will be slow. Approximately 90% of the world's cement production is consumed in the developing world, which does not include the U.S. and Europe. Consumption in the developing world is still growing. Cemex has the capacity to produce about 95 million tons of cement per year. Unfortunately, 38 million tons of that capacity is in Europe and the U.S. Wrong markets.
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