Ternium – a geographical diversification opportunity
Ternium is a South American steel company. Although it has some mining operations, these serve mainly in-house and are a small component relative to the steel output. It achieved revenue and profit growth through organic growth and acquisitions over the past 11 years.
It has a strong financial position and a good capital allocation plan, creating value for shareholders. A Valuation based on the steel price cycle shows a sufficient margin of safety, making it an investment opportunity.
If you are already invested in steel companies, this might be a good geographical diversification
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- AfraSimon·01-31Word! Great diversification opportunity.LikeReport