Venezuela's Mr. Chavez is carrying on with his thuggish ways by making good on his threat to nationalize the cement industry in that country. He blames companies like Cemex for the housing shortage--- an inevitable result of his unsustainable type of "socialism".
Cemex's assets in Venezuela represents 4.4% of the companies total. Even if Chavez offers little or no compensation, it is unlikely to make a material impact on Cemex's future cash flow.
If the market over reacts, it may be a buying opportunity. Analysts are more worried about the impact of the USA construction slow down on CX's bottom line. Global infrastructure needs are likely to compensate for this downside and more, IMHO.
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