Pacasmayo (CPAC), the 2nd largest cement producer in Peru, has approached 52 week lows in recent weeks, down nearly 50% from highs set earlier in the year. The sell off seems a bit puzzling to say the least, as the only major setback for the company has been a slight downtick in the macro economy in Peru which has put a small damper on near term revenue and earnings growth. However Peru is still growing at more than 6% per annum, and construction growth as a percentage of GDP should average closer to 8% in the coming decade as the emerging market continues to show overall healthy numbers.
In addition to this the cement producer has a near...
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