There aren't too many commodities more leveraged to construction activity than cement, which is both good and bad news for Cemex (NYSE:CX).
A major player in the cement and ready-mix concrete markets in the
U.S., Mexico, and Europe, Cemex has been buffeted by the severe
downturns in the U.S. and Europe. With a debt restructuring providing
more breathing room and a focus on “value over volume” in the U.S.,
Cemex could have some room to trade higher on optimism about a U.S.
housing recovery.
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