Cemex S.A. B de C.V. (ADR) (CX)

Aggiemedic01 (46.23) Submitted: 12/30/2008 12:41:46 PM : Start Price: $9.07 CX Score: +1.43

High debt levels, much of which come due this year, coupled with a global slow down and extremely difficult financing environment will destroy this company. If the Obama administration is able to push an infrastructure-based stimulus package, the cement/concrete industry will benefit only after the engineering/design work is completed. Under this (I think likely) scenario, the cement/concrete industry can look to begin a recovery in 2010. Insiders are predicting that a return to 2008 sales levels won't return until 2013 or later. Their debt levels make their survival during this prolonged downturn doubtful.