A holding company primarily engaged, through its operating subsidiaries, in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates and clinker.
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Cemex is handling its debt in a timely and efficient manner. Its recent offering of stock in Colombia will help unburden its debt.Cemex continues to offer incentive dividends in the form of stock, allowing the company to keep its cash to reinvest in itself.Once the German court rules in favor of the bailouts, Cemex will recover business lost in the hardest hit European markets as they begin to rebuild infrastructure.Jefferies Group recently upgraded its target price for Cemex to $9.70 and Scotia Capital to $10.80.Short-term boost will come from recent contract to provide cement for a 60,000MW wind farm in Texas.