Both Aluminum and steel are trending up due to strong demand. Don't be foolish by others who are trying to bring down shares so that they can buy in.
Sentiment: Strong Buy
How can you be Happy Happy Happy to be short when you've been Wrong Wrong Wrong for months? You need to reevaluate your stock picking system ASAP because it hasn't been working. Perhaps you have changed it...I certainly hope so. Be honest...have you changed it? Keep in mind that debt levels are only one aspect to be considered.
no broken but generated weekly sell on bb termianl. First time since last year b4 uptrend began. Hopefully negated next week or more downside to come. hopefully not too much though!
I greatly enjoy your posts, because you are so astute. I'm not the sharpest knife in the drawer, but IMO, there is good debt and bad debt, an example: a monthly house payment is a good debt, but a monthly rent payment for an apartment is a bad debt.
I think a portion of AA debt is: 25% of an $11 billion plant in Saudi and $300 mil in Davenport, Iowa and $250 mil in Alcoa, Tenn and of course the $2.85 bil for the aerospace company and $100 mil + in Upstate NY....to me these are good debts because of future returns from these production plants.
This stock will await the roll out of F150 trucks. That will be a major move up. Also, any other new ocntracts on aerospace will drive this. I think they will also wait for earnings Oct. That is a major milestone.
The debt is not helping. The market is still deciding. Gotta see what the big boys are thinking and I don't think they've made up their minds.
Agreed, but after the run up this year we were due for some sort of profit taking. Plus the dollar is a factor here. All is temporary as we are in a bull market with several years left. Some stocks will perform better than others but AA is one of those stocks with room to run up.
lmao! I still remember your call when you were trolling the MS message boards on how Morgan Stanley would never reach the $36's when I was buying in the 12's.
I just began piecing out today with MS in the 36's. Doubling my profits. Just goes to show what a fool you are.
Very strange. It's not the first time I've seen such behavior. The last time something like that happened, the stock went drastically higher over the following sessions.
So far, you have lost no money. Perhaps a B rated bond at 5% would suit you. Otherwise, sell 15.5 puts. The OCT 10 are selling at 0.22.
I am non too pleased at the decline in stock price before this announcement of the additional shares. Seems like someone had insider info. I don't expect much more decline though so I am still in
I am still long on AA, but am a bit concerned about the dilution of the stock. Yes, they need the cash infusion for the purchase of Rixon, but adding to the large debt seems a bit much even for this optimist.
I can only guess they crunched the numbers and see the benefit in changing their entire business model from aluminum commodity company to fabricator of aerospace and vehicle parts. It is a smart move and the demand is there.
The things in their favor are increased demand in vehicle and aerospace, increased buidling and construction around the world, the latest news that interest rates will stay the same, and aluminum prices are slowly rising.
They have also worked hard to close non producing smelters and get rid of high price production sites.
The deal with Saudi Arabia is a good one.
Again, worried about the increased float. So I am not strong buy any more, but believe we should be in the 20's by January. The industry is a buy.
Thanks! Great to have such chart-reading skills. Been working on becoming a better chartist. I've been reading some articles and I can't see why this wouldn't reverse the trend of late. After such a long run up consolidation is most likely occurring and like you said, should head up.
Don't worry my ignorant third world clown, AA will make lots of money to pay everything off and stockholders will reap the rewards while you WATCH.
My long term sell target is $40.00. And my cost is $9.24.
Sentiment: Strong Buy