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What: Shares of global cement giant Cemex
So what: For Mexico-based Cemex, North America is the largest lever for performance, with hefty chunks of business in Mexico and the United States. However, roughly a third of the company's revenue comes from Europe. As the company struggles under a massive, threatening debt load, it really can't afford to have any major region suffering. Since a solution -- or at least the avoidance of total disaster -- in Europe could mean better times ahead in that region, good news for the EU is good news for Cemex.
Now what: Over the summer I recommended Cemex as part of one of my bargain-bin baskets. That thumbs-up was based on the fact that there is a real business here, the stock looks very cheap, and if the company doesn't collapse under the weight of its debt, the stock could see serious gains. But it's also not a stock that I'd recommend putting any serious amount of money into or bothering with at all if you're risk-averse and looking for solid, long-term holdings.
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Fool contributor Matt Koppenheffer owns shares of Cemex but has no financial interest in any of the other companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter, @KoppTheFool, or on Facebook. The Fool's disclosure policy prefers dividends over a sharp stick in the eye.
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