Morningstar Analyst Says CEMEX is a BUY
Source: http://ceoblogger.wordpress.com/2008/08/09/morningstar-analyst-says-cemex-is-a-buy/Posted on Saturday, August 9th, 2008 | In Current Market News, Market Commentary, Stocks to Watch
Contributed by: CEO Blogger (http://ceoblogger.wordpress.com) -
CEMEX is one of the largest building material companies in the world–it is the third largest manufacturer of cement, the largest manufacturer of ready-mix concrete, and a leading producer of aggregates. Given its size, low-cost manufacturing abilities, and hard-to-replicate network of cement plants and aggregate quarries around the world, we think CEMEX enjoys a narrow moat.
At recent prices, Morningstar analyst Patricia Oey expects CEMEX stock to return 27% over the next three years, which is more than the market seems to be expecting.
Track Patricia’s pick at:
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