Stock price when the opinion was issued
One of the top 3 cement producers globally and has an enormous range. With the financial crisis, being geographically diversified didn’t work. It hasn’t done badly over the last 5 years, however it is a construction play. If you are worried about the outlook for the economy, you should consider taking a loss on this if you own.
40% of revenues are already in the US, so Trump is not going to have a huge detrimental effect. The only problem with this company is that they made a bad acquisition about 5-6 years ago, and are still paying for it. Their credit quality is a little under investment grade, and they still have a lot of debts to pay off before they can really turn this company around and start to have more success.
This was a market favourite pre-financial crisis where it had too much debt. It is one of the most basic industries and has done relatively well. If you are looking for one play on global cement demand, this is the most global of them all.