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VMC - Digging Deeper Into The Currencies Effect For Cemex And Its Debt Load And Prospects
Vulcan Materials Company
With all due respect to the latest article about Cemex (CX) by Latin American expert Ian Bezek, I wanted to fill in a couple of holes on the perceived weaknesses on the impact of Mexico's weaker Peso and the tough debt load the company faces moving forward.
As a reference, I will be pulling data from the company's latest 20-F filed 4-29-20, which presents data from the 2019 FY (ending Dec. 31, 2019), and the company's latest 2020 Q1 results presentation, which includes financials from January - March 2020.