At the end of March 08, Cemex had a net debt US$18,813m disclosed, and a further undisclosed amount of debt in the form of perpetual notes that were lumped together with minorities.  Cemex has not yet published its accounts for 2007, but at the end of 2006, perpetual debt amounted to US$1250m.  Assuming that in assessing the perpetual ...

I am not a successful investor. I classify myself as one who would, at times, buy high and sell low. One who would finally take the plunge to buy tech stocks the day before the market crashed back in 2000 or whenever, and one, when offered Cemex stock at giveaway prices back in 1996, thought that they were over-valued. (Anyway, my defense at the ...

It looks like the fall in stock market valuations over the past couple of weeks may cause problems for some borrowers (but not all) in our sector in a number of debt financed deals.  Higher margin payments may have to be made as valuations decline.  Recent large debt financed deals (or where the outstanding amounts have been ...