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CX - The Key Mexico Market Is Likely Bottoming But Cemex Management Has A Lot To Prove
Cemex S.A.B. de C.V. Sponsored ADR
More clunker than clinker over the last five years, Cemex (CX) has chopped steadily downward since mid-2017 as the company continues to see weak results in Mexico (compounded by share loss), lackluster results in the U.S., and frankly not much good news anywhere in the business. On top of that, I’m starting to question if management has the right idea regarding its asset sale initiatives – selling assets and deleveraging is a good idea on balance, but I’m worried that management may be selling the flowers and keeping the weeds.