Cemex NYSE:CX possibly on its way to bankruptcy

Discussion in 'Stocks' started by Daal, Dec 11, 2008.

  1. Daal


    There in an article in the WSJ about these guys.
    Cement company with $5.7b of debt coming due in 09 with about $1.4b in cash($6b in current assets if you include receivables and inventory)
    Their total debt is $18b with 21% of it short-term, mostly in USD. their bank is probably large US banks who might not provide financing.
    Does anyone know more details about this company?
  2. It's highly levered to the U.S. construction industry, that's the biggest reason why it's gotten hit so bad in the past year or so.

    Current rise is attributed to Obama and his play on huge infrastructure developments (which would require cement).

    That's about all I know, but back when everything was raging hot there was talks about some larger company acquiring them, maybe a PE firm? But now those kind of talks have fallen off the cliff.