Topic: How To Invest

Q: Hello, Pat and team. Could I get your opinion on Cematrix Corp.? Thank you.

Article Excerpt

A: Cematrix Corp., $0.33, symbol CVX on the Toronto Venture Exchange (Shares outstanding: 60.4 million; Market cap: $19.9 million;, is a Calgary-based manufacturer and installer of what it promotes as technologically advanced cellular concrete products. Cellular concrete is an innovative construction material consisting of cement, water, a proprietary pre-formed foaming agent, and compressed air. It flows easily during placement; after the material hardens, it has lightweight, insulating, and energy-absorbing properties. Cellular concrete has many potential applications: lightweight backfill used in retaining walls, bridge approaches, roadways, and slope stabilization; insulation in the form of frost-protected shallow foundations; and the insulation of shallow utility installations and industrial and commercial floor bases. Cematrix made two major acquisitions in the last couple of years to position itself as the North American market leader for cellular concrete. In May 2018, the company acquired MixOnSite USA, the major supplier of cellular concrete in the Midwest and Northeast U.S., for $5.0 million; and in October 2019, Cematrix paid…

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