Cemex S.A.B. de C.V. (CX)
Pitch Summary: Global cement leader at leverage/strategy inflection: post-divestiture, 75% of EBITDA from U.S. & Mexico; investment-grade, <2× net debt/EBITDA; initiating dividends & buybacks; cheap at ~5× EBITDA (~13% FCF yield) with path to $16.50 vs. $6 today. BSD Analysis: delevered balance sheet; 5–8% EBITDA CAGR; $700M growth capex EBITDA by 2028; high-IRR U.S. investments; […]
Neil Shearing: The World Isn’t Deglobalizing; It’s Fracturing
Description: An economist ponders shifting global trade patterns, inflation, the dollar, and more. Transcript: Please stay tuned for important disclosure information at the conclusion of this episode. >> Hi and welcome to the long view. I’m Dan Leovitz, strategist from Morning Star Indexes. Our guest this week is Neil Shearing. Neil is group chief economist […]
Peter Krauth & CEO of Kingsmen Resources Reveal Why NOW is the best timing for Junior Silver Stocks
- Silver Market Dynamics: The silver market is experiencing a significant shortfall, with annual consumption exceeding production by 200 million ounces, creating a bullish outlook for silver prices and mining stocks.
- Investment in Junior Explorers: Attention is shifting towards junior silver explorers like Kingsmen Resources, which are acquiring grounds with past-producing mines, indicating potential growth and interest from investors.
- Silver Price Performance: Silver has nearly doubled in price over the past year and a half, yet remains 30% below its all-time high, suggesting it is still undervalued compared to other commodities.
- Technological Demand: The growing demand for silver in solar panels and data centers, driven by new technologies and increased installations, underscores silver’s indispensable role in modern applications.
- Mergers and Acquisitions: A wave of M&A activity is occurring in the silver mining sector, particularly in Mexico, with major companies acquiring high-quality silver mines, enhancing their resilience and access to capital.
- Financing and Growth: Mid-tier and junior mining companies are experiencing easier access to capital, with oversubscribed financings, indicating strong investor interest and potential for growth in the sector.
- Long-term Bull Market: The current precious metals bull market is expected to continue, with silver potentially outpacing gold, offering significant upside potential for investors in the space.
- Exploration and Value Creation: The exploration efforts, particularly drilling, are crucial for junior miners like Kingsmen Resources to drive value and attract interest from larger mining companies and investors.
FOXES & HEDGEHOGS (Guest: Jacob Shapiro)
- Geopolitical Shift: Jacob Shapiro discusses the transition from a unipolar world dominated by the U.S. to a multipolar world with rising and falling great powers, impacting global investments.
- Investment Strategy: Shapiro emphasizes the importance of focusing on rising powers like Mexico, Brazil, Turkey, and India, which have the potential to become regional economic centers in a multipolar world.
- U.S. Economic Policy: The current U.S. administration’s policies are accelerating the shift to a multipolar world, with implications for trade and economic stability, suggesting a need for diversified investment strategies.
- China’s Economic Challenges: Despite challenges such as wealth inequality and demographic issues, Shapiro remains cautiously optimistic about China’s ability to maintain its economic strength and regional influence.
- Market Dynamics: The podcast highlights the potential for international markets to outperform U.S. markets, with a focus on countries that can integrate vertically and manage geopolitical risks effectively.
- Technology and Energy: The role of technology and energy transitions is crucial in shaping geopolitical landscapes, with countries capable of producing cheap energy likely to lead in technological innovations.
- Investment Opportunities: Shapiro identifies opportunities in hard assets like gold and Bitcoin, as well as in emerging markets, as part of a strategy to hedge against U.S. economic uncertainties.
‘Early Stages Of This Rally’: How High Can Silver Climb? | Ken Berry
- Market Outlook: The podcast discusses the early stages of a rally in silver and gold, with expectations for significant growth as retail investors have yet to fully engage in the market.
- Company Overview: Ken Berry, co-founder of Kney Silver, highlights the company’s history since 2006, its development of key projects in Mexico, and its position as a major junior silver bank with over 325 million ounces of silver equivalent in the ground.
- Silver Performance: Silver has seen a recent price surge, currently at $41, and is expected to continue rising, with Kney Silver aiming for a rerating due to its undervaluation compared to peers like Visa and Silver Crest.
- Project Development: Kney Silver’s focus is on expanding its Colomba project in Mexico, with plans to increase its silver resource to 100 million ounces and explore further mineralization at depth.
- Financial Position: The company is well-funded with $19 million in the bank and an additional $7.5 million in warrants, supporting its 50,000-meter drilling program and future resource updates.
- M&A Environment: The podcast touches on the current M&A landscape, noting low premiums on deals and Kney Silver’s potential interest in strategic partnerships or buyouts as it continues to add value through exploration.
- Investment Strategy: Despite market fluctuations, Kney Silver remains committed to aggressive drilling and resource expansion, with a focus on long-term value creation and potential production of its projects.
- Industry Sentiment: There is a cautious optimism in the silver market, with professional investors showing interest, but retail participation is still limited, suggesting further room for growth.
