Posted on March 8, 2023
When Mexicans aren’t busy murdering each other, they’re making cement, among other things.
And their key producer of that commodity is CEMEX, S.A.B. de C.V. (NYSE:CX), a $7.69 billion outfit by market cap that’s headquartered in San Pedro Garza Garcia, just south of Laredo, Texas.
We were in Mexico back in the 80’s on a spring break trip that included a day at the senseless butchery they call the ‘bullfights’.
Other than that, we just know what we read in the news.
We’re mixing up a batch of CEMEX options today in a trade that could pocket you a theoretical 34,213%.
And though we don’t expect to come away with that rather rich sum, we throw the number out there as an honest appraisal of the possibilities AND as a means of goosing your sense of greed—with the hope that you’ll eventually subscribe to our fair publication.
So why should anyone believe the trend will change?
What the stock does have going for it, above all else, is that insiders own a full 60% of the shares. And that means they have some leverage in determining which direction price will move.
That aside, we believe, there’s not much they can do for the time being.
Hang tight, pop a Corona and keep your eyes peeled.
Many happy returns!