Texas Industries (TXI) Turns Heads
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Investors are taking a close look at Texas Industries Inc. (NYSE: TXI) Monday after the company was featured in a weakened article in Barron's. Texas Industry is a cement company with strong positions in the Texas and California market, and it could be of interest to investors searching for an under-the-radar housing play.
One red flag seen by investors is the heavy debt load. However, with the debt not maturing until 2020 this gives the company ample breathing room.
Considering its size, Texas Industries could eventually find itself the target of a takeover by multinationals, Barron's contends. Possible suitors include France's Lafarge, Colombia's Cementos Argos', Argos USA, and Japan's Mitsubishi Materials.
Shares are indicated to open at $43.10 Monday after closing at $42.84 on Friday.
One red flag seen by investors is the heavy debt load. However, with the debt not maturing until 2020 this gives the company ample breathing room.
Considering its size, Texas Industries could eventually find itself the target of a takeover by multinationals, Barron's contends. Possible suitors include France's Lafarge, Colombia's Cementos Argos', Argos USA, and Japan's Mitsubishi Materials.
Shares are indicated to open at $43.10 Monday after closing at $42.84 on Friday.
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