A few days ago I noted that if there were a reasonable Chinese cement company to invest in, that I’d consider doing so. Immediately, several readers tossed some ideas on the pile for me to consider … and though it was a throwaway comment, more or less, I thought I might better take a look.

Especially when a few folks alerted me to the fact that one of the new services from Casey Research, called Without Borders and put together by Fitzroy McLean and Simon Black, recently began teasing a Chinese cement company as one of their favorite low risk picks.

(My comment that started this, by the way, was in the context of me noting that I sold my shares of Cemex last fall, partly because Cemex is so heavily weighted in the Western Hemisphere and the US and has had trouble getting into Asia — clearly, that decision to sell on my part was quite premature. So, another good reminder for all of you that I can be an idiot. Doubtless many of you didn’t require such a reminder.)

So let’s dig into this Casey pick for a cement company. What kind of clues do we get? Read the rest of this entry »