Posted on 07/10/2006 12:30:03 PM PDT by MeneMeneTekelUpharsin
Cemex, a major producer of cement, is scheduled to have a stock split (2:1) on July 21. Owners of record BEFORE July 14, 2006 will receive a 2 for 1 split of their shares. Cemex is a major worldwide supplier of cement. Here's the link to the split info (scroll down to "DR Event" link):
Bump for later
Very interesting company. They were trying to buy a stake in Gresik in Indonesia, but political pressure forced them to sell their stake. To me, that is VERY positive as it gets them out of a Muslim hotbed trouble spot.
Doing the splitting that US companies won't do.
Bush's fault... or was that global warming...?
You about got that right. Problem with Cemex is, very few investors know much about the company. A lot of fund managers are not even familiar with the company and it is rock solid...no pun intended.
all that cement would build a fine wall.
Pitty PEMEX can't emuate CEMEX growth and profits.
I think they bought Lone Star Cement.
What's a ballpark figure for a yard of concrete these days? I guess that would vary by what part of the U.S. you're in, how many condos are going up, etc.
I seem to recall they have a lower cost for energy due to usage of tires, waste oil, etc.
Pretty smart business model. They should be allowed to compete with the US, but they have had to fight restrictions here.
If they were allowed to compete here, every U.S. cement company would go out of business. Every single one would close the doors.
I guess I wouldn't have a problem with that.
I don't exist to keep cement makers in business or to subsidize them with cheap energy.
They're already here.
90 bucks and up
Looks like a sound company built on a strong foundation.
Nice play on words. LOL.
There's a large Cemex plant here in Longmont, Co. You just have to follow the caravan of illegals in the morning to find it.
The U.S. and Mexican governments have reached an agreement — expected to go into effect in the second quarter of 2006 — regarding the level of U.S. tariffs on Mexican portland cement imports into the United States. This report, released by Portland Cement Association (PCA) Chief Economist Ed Sullivan, provides the latest available information about the arrangement and its potential impact on U.S. cement supply.
The U.S.-Mexican cement import agreement will reduce the tariff on portland cement imports originating from Mexico from $26 per ton to $3 per ton and introduce regional quotas. The total volume of Mexican imports is capped at 3 million metric tons (mt) for the first year of the agreement.
http://cementamericas.com/mag/cement_us_cement_forecast_2/index.html
Reduced rates = more cement purchased from Mexico... When the rates were higher there was less cement imported, that's protectionism, and allowed the domestic cement companies to demand higher prices on a basic building material...
No wonder houses cost more for lower quality, protectionism!
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