Loma Negra Is Feeling The Argentinian Recession; The Stock Is Not An Opportunity [Seeking Alpha]
Loma Negra Compania Industrial Argentina Sociedad Anonima ADS (LOMA)
US:NYSE Investor Relations:
investors.lomanegra.com
Company Research
Source: Seeking Alpha
1.27K Follower s Follow Summary Loma Negra's 2Q24 results were poor, with a 30% drop in sold volumes, halted production, and a challenging Argentinian macroeconomy impacting performance. Despite the downturn, margins improved due to cost-cutting measures, but the long-term viability of halted production is questionable. Brazilian controller Intercement's financial troubles and potential sale of Loma's stake could spur interest from strategic players, but not likely to affect stock price. Valuation remains unattractive with high multiple and uncertain growth prospects, leading to a Hold rating for Loma Negra's stock. RicAguiar Loma Negra Compañía Industrial Argentina Sociedad Anónima's ( NYSE: LOMA ) 2Q24 results were pretty bad, in line with a challenging Argentinian macroeconomy. Sold volumes were down 30%, and the company stopped its clinker production and grinding operations. The effect was not felt as much in operating earnings because of higher prices and cost-cu
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LOMA
Sec Filings
- 11/20/24 - Form 6-K
- 11/14/24 - Form SC
- 11/12/24 - Form 6-K
- LOMA's page on the SEC website