RE:RE:Questionnotwrong wrote: Unlike an exports company such as timber, which has a competitive edge over its American competitors due to the exchange rate advantage. CRH has no such advantage against its American competitors as it incurs its operating expenses in the U.S. as its U.S. competitors do. If a small portion of its products are made in Canada and shipped to the U.S., then only that small portion has an advantage over U.S. competitors provided that there is no U.S. import tariff on it.
I understand your point...Crh is a Canadian company...so it states earnings in American dollars...hence total sales may be unchanged but earnings will be affected by exchange rate....so true enough a company can do less well but show increased earnings again due to exchange rate...this doesn't fool anyone regardless as exchange rates are taken into account by analysts.