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GMK
GRUMA, S.A.B. de C.V.
5/22/2013, 2:09 PM ET
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Latin American Markets: Tenaris weighs on Merval; ICA up in Mexico City
at MarketWatch.com (Feb 23, 2012)
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at MarketWatch.com (Jun 27, 2011)
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GMK
vs. ETF Alternatives
Company Description
Currently, there's no company description for GMK.
Sector:
Consumer Goods
Industry:
Processed & Packaged Goods
Country:
México
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On the move
Saturday, December 15, 2012, 3:51 PM
With Archer Daniels Midland (
ADM
) seeking cash to
seal a purchase
of Australia's GrainCorp (
GRCLF.PK
), Mexican corn flour and tortilla concern Gruma (
GMK
) is
repurchasing stakes in itself from ADM
for $450M. Family-controlled Gruma is borrowing $400M in one-year bridge loans to finance the buyback.
3 Comments
[
Commodities
,
Global & FX
,
M&A
]
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140 characters
MexCom
GMK - Merger with Aztca caused fear of dilution. I believe a stronger company will emerge.
http://bit.ly/109RmAi
$
GMK
$
ADM
Fri, 5:09 PM
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MexCom
GMK - Down today on weakness of the peso. ADRs down 3 times as much. Inordinate decline makes good opportunity to buy. $
GMK
$
ADM
$
IBA
Fri, 1:08 PM
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MexCom
GMK - ADRs reversed earlier losses from report of record US corn crop in prospect. Cup handle chart breakout higher nxt wk possible $
GMK
May 10, 3:27 PM
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MexCom
GMK - Added to position. breaking out of a cup and handle formation on the chart. $
GMK
$
ADM
$MEX
May 9, 1:19 PM
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MexCom
GMK - No coverage on SA. New Story shows q profit up sharply. Writing off VZ business.
http://reut.rs/YgKKB3
$
GMK
Apr 29, 9:48 AM
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MexCom
GMK - Bolsa price held this morning mostly unchanged on the opening. ADR profit taking inordinate. $
GMK
Mar 26, 10:21 AM
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MexCom
GMK - up 5% on bolsa ADRs lag. $
GMK
$
ADM
Mar 22, 2:19 PM
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MexCom
GMK - The company controls btwn 60-80% of current corn supply in Mexico for tortillas. End of season tight. Prices may be rising $
GMK
$
ADM
Mar 22, 2:13 PM
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MexCom
GMK - Up again in down market. Quote check on Bolsa up 2%+ ADRs lag up 1%+ suspect buyout or block in play? $
GMK
$
ADM
Mar 21, 3:18 PM
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MexCom
GMK - latest quote on Bolsa now up only 10% + on profit taking. $
GMK
$
ADM
Mar 20, 3:22 PM
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LATEST REPLIES
MexCom
GMK
- Gruma gets back to its 5 year high today.
http://seekingalpha.com/p/ppid
10/22/12
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MexCom
:
GMK
- Chico Pardo to buy
ADM
stake $
GMK
http://bloom.bg/POsASY
10/23/12
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140 characters
MexCom
GMK
- Down on Santan downgrade -
CTL
report.
http://bloom.bg/IbNebj
$
GMK
4/26/12
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MexCom
:
Still profitable - derivative hedging operations hurt results. temporary hick-up. Top line growth. Excellent buy opportunity. $
GMK
4/26/12
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Ricardo Espinosa
:
True, but very low volume on the ADR, better buy it on MexDer.
4/26/12
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