Buy Steppe Cement Ltd (STCM) by Rupert Hargreaves in The Motley Fool

Tip Notes

"...A leading cement producer in Kazakhstan, I like the company because it provides exposure to an emerging market in a relatively stable and defensive industry......There are some risks associated with this stock, which are not present with Breedon. Steppe is active in a market I do not particularly understand and, to a certain extent, its fortunes are tied to the state of the national economy. There are also corporate governance concerns as an emerging markets business. Meanwhile, its primary currency is the Kazakhstani Tenge, and as the stock is traded in sterling, the exchange rate could be a headache." - Rupert Hargreaves, The Motley Fool