It looks like Europe won't be able to come up with a complete solution for the debt problem. They will cobble together some band aid solutions every 3-4 months per the experts. It probably won't be finalized until 2014 or 2015. What happens to ALU's business and stock until then???????? Now there is news that China's growth is slowing. They are already talking about this being Europe's "lost decade". I am just floored how the European debt situation has destroyed ALU's stock price in less than 5 months.
France is part of the solution and not the contagion. ALU is not dependant upon France or just Europe for that matter.We are in China but not dependant upon that either. ALU supplies wireless phone companies and the old land line businesses still.Do you think the likes of VZ/CTL and ATT will revamp their switches?No. They wiil be needing parts and equiptment.5ESS's are everywhere in the U.S.Plus all the muxes too. Just get it right and get back to profiability. Added more at 1.78 today.Just wish the whole order would of filled.
I feel what your saying. I held Lucent Stock 10 years ago and lost alot of value. I bought in again at $3.80 Per Share thinking i would be safe, boy was i wrong. ALU is sitting on alot of Patents worth Billions, i think this Company is worth more dead then alive.