Loma Negra: Better To Avoid Now [Seeking Alpha]
Loma Negra Compania Industrial Argentina Sociedad Anonima ADS (LOMA)
US:NYSE Investor Relations:
investors.lomanegra.com
Company Research
Source: Seeking Alpha
Debt accumulated in previous years was used to pay dividends, which was a bad decision that hurts the company now. Loma Negra ( NYSE: LOMA ) is facing many headwinds now. They accumulated a lot of debt in the past two years and used it for dividend payments. Now that the macroeconomic situation in Argentina is uncertain, causing market participants to wait for signs of improvement, the company is caught with high debt levels, high interest payments, and uncertain revenues. Not the situation anybody wants to be in. Business Overview Loma Negra is an Argentinian cement, masonry cement, aggregates, concrete, and lime producer that has approximately 45% market share in Argentina. Their main competitors are Holcim ( OTCPK:HCMLF ), Avellaneda, and PCR. Loma's main market is the greater Buenos Aires area. The competition in the market is mainly limited to the areas where the production facilities of each company are located. This is due to high transportation costs for cement, which l
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News
- Loma Negra Is Still Attractive But Could Test Lows Now Thanks To The Recession [Seeking Alpha]Seeking Alpha
- Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE: LOMA) was upgraded by analysts at Bank of America Co. from an "underperform" rating to a "neutral" rating.MarketBeat
- Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE: LOMA) was downgraded by analysts at UBS Group AG from a "neutral" rating to a "sell" rating. They now have a $5.00 price target on the stock, down previously from $6.00.MarketBeat
- Why Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (LOMA) Dipped More Than Broader Market Today [Yahoo! Finance]Yahoo! Finance
- Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (LOMA) Stock Sinks As Market Gains: Here's Why [Yahoo! Finance]Yahoo! Finance
LOMA
Sec Filings
- 4/26/24 - Form 6-K
- 4/11/24 - Form 6-K
- 3/25/24 - Form 6-K
- LOMA's page on the SEC website