Over the past few months, an economic slowdown in China has led to a series of economic headwinds for many of the country’s key trading partners. Indeed, for the first time in several years, economists have raised the prospect of a possible recession in Asia and Latin America, joining the ranks of major European economies already mired in a slump. For Mexico’s Cemex (NYSE: CX), the world’s third-largest cement maker and producer of concrete, any fresh slowdown could cause real distress for its rebounding… Read More
Over the past few months, an economic slowdown in China has led to a series of economic headwinds for many of the country’s key trading partners. Indeed, for the first time in several years, economists have raised the prospect of a possible recession in Asia and Latin America, joining the ranks of major European economies already mired in a slump. For Mexico’s Cemex (NYSE: CX), the world’s third-largest cement maker and producer of concrete, any fresh slowdown could cause real distress for its rebounding stock. For investors who have managed to profit from this stock’s heady two-year rebound, now is the time to book profits as shares could give up those gains if cash flow doesn’t improve. Even before the recent slowdown in China and elsewhere, Cemex has been through a rough period. Anemic levels of construction have hurt pricing and demand for cement, leading this company to bleed… Read More