Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
TIMBERRRRRRRRRRRRRRRR!!!!!! RED LATER TODAY!
Not much uncertainty at CX....I've been an employee since they bought Rinker and the company is looking good mid to long term no matter what the market does....heavy accumilation at these prices...even Bill Gates bought 5.8 million shares for his foundation....sure everything will show red if you give it time but shorting this company at these prices may make you a dime but it won't make you rich.....GLTA
Give it time, will go red, too much uncertainty out there
Hmmmm....all I see is Green right now
Looks like a red day. Selling. Markets not as strong today. Pop on holiday sales is over. Down we go
Hmmm...back to even now....either way good luck...I am long term and can ride any roller coaster...and now that the 2014 leaps are out I will be grabbin' some 5,7 and 10 strikes....
Over a million shares in sells after hours...OUCH!!! Fitch downgrade warning will rattle markets tomorrow, mid 3's here we come!
a dime?....WOW!!!! GLTA
OUCH!!!!! Down BIG after hours!!! 3's tomorrow for sure
Good Luck with that........
WE ARE ONLY UP TODAY BECAUSE THE MARKET IS UP...TOMORROW LOOKING FOR A BIG TIME CORRECTION.
Well said, I agree, Cemex is currently under valued as compared to book. GLTY
Two things I like about CEMEX. On Yahoo "Key Statistics" they show CEMEX revenue per share (ttm) at 12.76, and book value per share (mrq) at 13.70. Sure, I can find numbers I am not pleased with, but with a book value at more than 3X today's current SP of 4.48, I don't feel like I am blowing in the wind as I do with so many penny stocks which may look like little more than empty shells.
CEMEX should have a brighter future after thoughtful reorganization of critical components to lower their huge debt burden. Global economic challenges should eventually get worked out since solutions are mathematical in nature though they demand a change in lifestyle, and the need to take-on some pain now. Continued delay will just create more suffering IMO.
Best Wishes
Planetaryfuture, All of US who post on this board are expressing nothing more than our opinions also. Your opinon and analysis of Cemex is in line with all the others I have seen. Keep doing your dd and use this board for communications with fellow shareholders but never buy or sell based on whats posted. GLTY
Thanks, I appreciate your confidence, but I have no real investing expertise. Consider my comments as nothing more than my opinions, since I tend to "think out-loud."
I feel there should eventually be a bright future for concrete if the human race is destined to survive current economic hardships, and challenges. The economic significance of cement is too basic to ignore. It looks like CEMEX got too far ahead of their sector during a period of strong momentum by executing their massive purchase in Australia which soured on them when markets turned longer-term negative. Future outlook seems to hinge on the ability of CEMEX to liquidate sufficient assets to cover expected debt obligations. This should not be too difficult since one finds lots of cash on the side looking for great buying opportunities. CEMEX owns impressive assets. We should soon discover exactly how talented Mr. Zambrano's leadership is. I expect to see some news before the first day of the year. I hope to see market sentiment become more positive toward CEMEX after fear factors are neutralized.
Still, one finds many potential obstacles related to the health of the global economy poised to break loose. I feel we are locked into an unusually volatile period of history. The unfolding of time will reveal the true story, which may have little to do with my opinions or premonitions. Taking a cautious stance seems to be in order.
Best Wishes
Planetaryfuture, thanks for the info, you seemed to be more informed than I about Cemex. I will keep watching and learning from some of you who are more informed than I. GLTY
No such thing as global recovery without CEMEX. Increased demand for cement should indicate recovery is underway IMO. I'm hoping for the best, and very pleased they are diversified on an international scale. They appear to be forward thinking. I feel Zambrano has sufficient business talents to make CEMEX prosper again. Anyone have thoughts to the contrary? Willing to bet on what should be stability for concrete over time. Can their financial problems be solved with more creative pencil pushing or is the race against time the greatest factor (paying down debt)? Any hidden obstacles to CEMEX recovery anyone knows of?
Best Wishes
TIMELINE-Mexico's Cemex shares hit multi-year low
Oct 4 (Reuters) - Shares of Mexico's Cemex (CMXCPO.MX) (CX.N) have lost nearly 70 percent of their market value this year as investors fret one of the world's largest cement makers will struggle to meet debt burden targets.
Here is a timeline of the main events in Cemex's 105-year history:
1906 - Cemex opens its first plant in the Northern Mexico state of Nuevo Leon but suffers setbacks over the coming years as the Mexican revolution engulfs the region, cutting off energy and halting production.
1920 - Cementos Portland Monterrey opens and markets itself to customers in northeastern Mexico. The Hidalgo plant reopens a year later and by the next decade, the two plants merge, calling themselves Cementos Mexicanos S.A. or Cemex.
1976 - Cemex is listed on the Mexican stock exchange as it builds production across the country.
1992 - The company acquires Spain's two largest cement makers, Valenciana and Sansone, embarking on a massive geographic expansion into Europe.
1999 - Cemex lists on the New York Stock exchange, under the ticker symbol CX. By 1999, the cement giant boasted facilities in Asia, the Caribbean and Africa and it consolidated its reach over the next few years.
2000 - Cemex became North America's largest cement company with the acquisition of the U.S.-based Southdown. Standard & Poor's upgrades the company rating to investment grade.
2005 - A rival cement maker attempts to unload 26,000 tons of cement from a ship known as the Mary Nour in a Mexican port but is fought by Cemex, which controls more than half of the production in the country. High concrete prices make Mexico an attractive market but the incident raises questions over monopolistic practices.
2007 - In its largest acquisition, Cemex buys Australian building products company Rinker Group Limited for $14.2 billion dollars. The purchase accounts for the bulk of Cemex's debt and gives rise to a U.S. Department of Justice anti-competitive lawsuit.
2009 - Credit ratings agencies slash Cemex to junk bond status as the company comes close to a default on $15 billion dollars in debt. An economic downturn depresses the housing market, hitting building companies. Cemex negotiates a refinancing deal on its debt.
2010 - Cemex renegotiates debt covenants with creditors.
2011 - Cemex had to cancel a $650 million bond sale despite offering prospective investors a generous price guidance on the issue. Shareholder confidence that Cemex can dig itself out of its financial hole wanes as shares in the company plummet.
2014 - Cemex must repay $8.3 billion in debt. (Reporting by Rachel Uranga)
How is business holding up into October? This stock is trading terribly weak, understandably so with such a debt burden. Don't wish pain on anyone but this may be a great stock to buy puts on considering the global slowdown...CX may not survive absent a Ch 11 filing in the next few months. all jmo
Remow, thanks for the info.
mo 1, They have done some shipping movements to keep the Miami plant running which took some from us in Brooksville. Not sure about Demopolis but Clinchville Ga. plant is running which could cover most of Alabama shipments for now. We are the newest plant and the only non-union plant so our cost per ton is by far the lowest in the southeast anyway. But things are stable for us right now meaning we are maintaining the sales and shipments, but not increasing yet. I own alot of cemex stock and I know that our management is also buying at these levels as well as Bill Gates for his foundation which you can see in their Q2 report. So I feel safe that we will get debt paid down and our stock price will make us some money mid to long term. Remow
Remow, are they shipping production to other plants, like the one in Demopolis Al? I heard it was rolling but it seems that could be false based on your post.
http://www.cemex.com/MediaCenter/Story/Story20110831_3.aspx CEMEX STARTS AN ALT. ENERGY PROJECT
Gonna be awhile for this one..I work at the Brooksville plant and with only the new 1 running and 3 down for a year now. Still not
enough sales to bring them up.But I will just accumilate at these prices and hold long term.
Hopefully we will hear some positive news soon. Still holding, go CX.
http://www.cemex.com/MediaCenter/Story/Story20110711_2.aspx another CX supplied project
http://www.cemex.com/MediaCenter/Story/Story20110712.aspx supplied concrete for this project
Interesting Lots of new projects supplied lately
http://www.cemex.com/MediaCenter/Story/Story20110608.aspx Conrete for New Project
The world is ready for some positive New NEWS I SAY YES
http://ih.advfn.com/p.php?pid=nmona&article=47469170&symbol=CX Q-1 Fianacials released
Of coarse We see that CX will suceed IMHO
http://ih.advfn.com/p.php?pid=nmona&article=47178623&symbol=CX New Fast Hardening Redimix Announced
http://ih.advfn.com/p.php?pid=nmona&article=47074157&symbol=CX 800 million in floating notes announced
http://ih.advfn.com/p.php?pid=nmona&article=47054691&symbol=CX NEWS OUT LINK HERE
Followers
|
19
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
147
|
Created
|
06/03/07
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |