A vertically-integrated home development company engaged in the development, construction and sale of affordable entry-level, middle-income and upper-income housing in Mexico.
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A growth rate in excess of 70% is a good reason to invest in this HXM, even at the top of its trading range. With a P/E of 17, it leaves its competitors in the dust.
It's worth noting that the Mexican market for housing is in a very different cycle than the American one. The government is just starting to spend moderately on housing, and this is an important consideration.