Monarch Cement – OTC:MCEM | Value Investing News

Monarch Cement – OTC:MCEM

  • The cement industry is certainly not “low-tech” but advancements do tend to happen slowly, limiting the need for expensive R&D to maintain competitiveness.
  • The Wulf family controls the company via super-voting Class B shares, but ordinary capital stock trades over-the-counter in small volumes.
  • Monarch is behaving exactly as a cyclical business should, building its cash position and paying down debt when times are flush, all the while maintaining its capital assets and making strategic investments.
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