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9/21/08

Cemex speaks to the USA in a language it understands

Cemex owns big tall buildings with lights inside them

Otto sez: Buy Cemex (CX). Then register your shares. Then register for the company's AGM. Then attend the AGM. And when the presentation is over go up to CEO Lorenzo Zambrano and shake him by the hand.

Thanks to The Mex Files, this story about the border wall being built by the USA has found its way here. Click this link for the full spiel, but here's an extract.

Richard Stana, director of Homeland Security and Justice issues with the Government Accountability Office, told congressional members today that the price of the border-levee wall in Hidalgo County has increased significantly. The increase is due to the rising costs of labor, fuel and concrete.

Stana said the decision by Cemex, a Monterrey, Mexico-based company, not to provide concrete will make building the border wall more expensive. Cemex is the world’s largest supplier of building supplies and it has extensive cement plants in the United States and around the world.

During a House Homeland Security Committee meeting today, Stana explained to the committee that the cement must be brought in from Houston or as far away as Colorado. He didn’t say why Cemex wouldn’t provide the concrete, and phone calls to the company’s offices in Monterrey and Houston were not returned.

“The price of concrete has gone up tremendously,” he told the committee.”Cemex won’t sell to the fencing projects in the United States.”

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As it happens, buying Cemex really isn't a bad idea. As this chart shows, you'll be picking up a long-term bargain.

It's one of the world's leading cement players and I've always considered it a well-managed company. I now consider it a wonderfully managed company, as even in the middle of a US construction downturn it refuses to supply building materials to the disgusting wall. Stand up, applaud and get proud of CX, Mexico.

As a final thought, here is the list of laws that the USA's Department of Homeland Security has frozen, side-stepped or simply ignored to build its monument to freedom and democracy, US style. Bet it makes you feel proud up there.

The National Environmental Policy Act
The Endangered Species Act
The Federal Water Pollution Control Act (commonly referred to as the Clean Water Act)
The National Historic Preservation Act
The Migratory Bird Treaty Act
The Clean Air Act
The Archeological Resources Protection Act
The Safe Drinking Water Act
The Noise Control Act
The Solid Waste Disposal Act, as amended by the Resource Conservation and Recovery Act
The Comprehensive Environmental Response, Compensation, and Liability Act
The Archaeological and Historic Preservation Act
The Antiquities Act
The Historic Sites, Buildings, and Antiquities Act
The Wild and Scenic Rivers Act
The Farmland Protection Policy Act
The Coastal Zone Management Act
The Wilderness Act
The Federal Land Policy and Management Act
The National Wildlife Refuge System Administration Act
The Fish and Wildlife Act of 1956
The Fish and Wildlife Coordination Act
The Administrative Procedure Act
The Otay Mountain Wilderness Act of 1999
Sections 102(29) and 103 of Title I of the California Desert Protection Act
The National Park Service Organic Act
The National Park Service General Authorities Act
Sections 401(7), 403, and 404 of the National Parks and Recreation Act of 1978
Sections 301(a)-(f) of the Arizona Desert Wilderness Act
The Rivers and Harbors Act of 1899
The Eagle Protection Act
The Native American Graves Protection and Repatriation Act
The American Indian Religious Freedom Act
The Religious Freedom Restoration Act
The National Forest Management Act of 1976
The Multiple Use and Sustained Yield Act of 1960