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| Symbol | Sector | Return | Exposure | Trades | Last Trade | Status |
|---|---|---|---|---|---|---|
| CX | Building Materials and Fixtures | -72.37% | n/a | 10 | 16-Jun-09 | Prior Holding |
30-Jun-07
CX--BUY
Holding Rationale for CX.
No matter where you go within the US or abroad, people are building and cement is one of the most basic supplies needed. I purchased CX about 3 months before Hurricane Katrina, and then watched it continue to climb as materials were needed for rebuilding. Although based in Mexico, it is one of the largest cement suppliers of the world. This company has a low P/E ratio compared to the industry, but still has an excellent cash flow. The return on equity is usually >20%. The company's intrinsic value based on operating profit margin, tax rate, growth rate and 10 forward depreciation suggests a price of about $80, well above the current prices. This is a great buy still.
Tagged Stocks: CX
Posted at 13:13 in Holding Rationales | Permalink | Top
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