Barron: Perry Recommends Heidelberg Cement

New York hedge-fund manager Richard Perry of Perry Partners, expects Heidelberg Cement (ETR: HEI) to perform well since prices for its basic products have been going up for some time.

Heidelberg should benefit from its American quarry and facilities holdings as stimulus money is starting to flow into roads and other construction projects in the U.S. The company is expected to generate substantial free-cash-flow and likely to see a sharp rise from its trough valuation levels.