Mexico's president touts austerity on his way out of office but lavishes largesse on friends [Yahoo! Finance Canada]
Vulcan Materials Company (Holding Company) (VMC)
Last vulcan materials company (holding company) earnings: 2/18 07:30 am
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Source: Yahoo! Finance Canada
leaving office, Andrés Manuel López Obrador announced generous cash giveaways for his allies in a radical union movement. It was part of what analysts call López Obrador's contradictory policies of cutting some government services to the bone while handing out vast amounts for his own pet projects and to political supporters. He granted an electrical workers' union about $95 million a year in unearned pension benefits, describing it as “an act of justice.” In 2009, some 7,000 of the unionized workers from the debt-ridden, corrupt and overstaffed government power company were laid off. Still, they spent the next decade supporting López Obrador's two subsequent presidential campaigns. At the time they were sacked, the workers had not accumulated enough years to retire, under policies allowing retirement after 25 years of service. On Friday, López Obrador gave them pensions anyway. The action was in line with his generosity to those who support him. Last year, he gave about $
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News
- Returns On Capital At Vulcan Materials (NYSE:VMC) Have Stalled [Yahoo! Finance]Yahoo! Finance
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- Vulcan Materials Company's (NYSE:VMC) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects? [Yahoo! Finance]Yahoo! Finance
- Vulcan Materials (NYSE: VMC) is now covered by analysts at UBS Group AG. They set a "buy" rating and a $349.00 price target on the stock.MarketBeat
- The 27 best-performing stocks in the last 100 years — delivering eye-watering returns up to 265,528,900% [Business Insider]Business Insider
VMC
Earnings
- 10/30/24 - Miss
VMC
Sec Filings
- 11/20/24 - Form 8-K
- 11/19/24 - Form 424B5
- 11/19/24 - Form FWP
- VMC's page on the SEC website