Desarrolladora Homex
Thesis
Desarrolladora Homex is focusing on cash flow generation by selling non-core assets and has sufficient liquidity through 2013 even in a downside scenario. The company is positioned to benefit from government infrastructure spending and has a strong relationship with the new president, which should lead to high-ROIC infrastructure deals. Additionally, the vertical building model and macroeconomic tailwinds in Mexico support growth prospects.
Did it work?
Without specific price performance data or a defined time frame since the pitch, it's difficult to assess whether the thesis has played out. The thesis outlines several positive factors for Desarrolladora Homex, but without knowing how the market has reacted or any developments in the company's situation, we cannot determine the outcome.
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