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.
Building products, HQ in Mexico. Mainly cement and ready-mix concrete. 1/3 revenue comes from US. Outperforming broader index since mid-2022. 10x forward earnings, 15% growth rate. Likes the industrial space. Decent valuation. Technicals OK, above 200-day MA, which is also trending higher.