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Noranda Aluminum Holding Corp. Message Board

  • buyacramer buyacramer Apr 24, 2013 10:26 PM Flag

    Key Note: Bankruptcy fears off the table. Debt maturities extended...

    Think the stock was beaten down over fears low aluminum prices may force companies like NOR into bankruptcy like Ormet if aluminum doesnt recover quickly. Debt maturities have now been extended beyond 2019 and despite multiyear low aluminum prices, NOR still operating close to breakeven.

    NOR clearly will be able to ride out an extended period of low aluminum prices while many weaker producers will go under. When prices rebound, NOR is positioned to be highly profitable. NOR is one of those where you get a nice dividend to wait it out. Commodity prices have cycles and they never stay low forever. Hold onto some NOR and dont check it for a couple years and you will likely get rewarded with a double or triple on top of a nice dividend payment that beats any treasury bond yield.

    Sentiment: Strong Buy

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