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StockCentral :: Community
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Join in on the discussion with other like-minded investors in our community forums. Learn about the fundamental investing methodology and participate in educational workshops in the Investing forums, stay up-to-date on StockCentral news and make suggestions to the StockCentral team in Central Square, and discuss your favorite stock or recent market news in our A-Z ticker-based forums.
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Mike Carroll
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| 07/14/2007 7:12 PM |
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Hi,
At the moment (Bastille Day, 7/14/07), the latest data available for Cemex at StockCentral is for the quarter ending 12/31/06. So of course they had another quarter ending 3/31/07, and by now it's over 3 months after that.
CX on the NYSE is an ADS, so maybe that has something to do with the delay. I guess my question is, when should I expect the data for the quarter ending 3/31/07 to become available at StockCentral? Will we only receive data for the quarters when another fiscal year ends??
Thanks.
Mike Carroll |
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Joe Craig
Ellicott City, MD
StockCentral Administrator
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| 07/14/2007 10:16 PM |
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Mike,
You are correct that Cemex has different filing requirements than US companies. In fact, it's 2006 annual report was filed with the SEC only a couple of weeks ago on June 29. There is a press release, dated late April for first quarter.
I'm not sure what the reporting requirements are for Cemex, but it seems that they only have to file annually. Perhaps someone who knows the details can educate both of us!
And, of course, you can always do quarterly updates based on the press releases, but bear in mind that the press release numbers may differ from the ultimate report.
How do others analyze Cemex or other
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Level II (listed)
Level 2 depositary receipt programs are more complicated for a foreign company. When a foreign company wants to set up a Level 2 program, it must file a registration statement with the SEC and is under SEC regulation. In addition, the company is required to file a Form 20-F annually. Form 20-F is the basic equivalent of an annual report (Form 10-K) for a U.S. company. In their filings, the company is required to follow GAAP standards.
The advantage that the company has by upgrading their program to Level 2 is that the shares can be listed on a U.S. stock exchange. These exchanges include the New York Stock Exchange (NYSE), NASDAQ, and the American Stock Exchange (AMEX).
While listed on these exchanges, the company must meet the exchange’s listing requirements. If it fails to do so, it will be delisted and forced to downgrade its ADR program. |
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Joe |
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