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Alcoa Inc. Message Board

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  • mruyog mruyog Jan 27, 2010 10:25 AM Flag

    Why the selloff?

    Go to Alcoa's web site and underststand the reason why they wrer below Street estimate of earnings. Actually, it was because of one-time charges that were not included in the Street estimate, otherwise the earning slightly was above; the revenue and their business results were really encouraging. But, these market manipulators want to mislead others. I do not pay attention to these so-called self-appointed pundits. Just go by a real well-informed analyst's opinion (if you know). Otherwise, just be your own judge based on just facts. I will add more at this oprice, not sell. Only fools follow fools!!

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    • Alcoa and Rio Tinto in reality are not the same. Alcoa's primary revenue comes from its forged, rolled and cast products (used in aerospace, automotive packaging, and so forth - you just name it!), not alumina ingots like Rio Tinto, although Alcoa apparently mines its own aluminum ore and processes it to get the ingots.

      Besides,it does a lot of research in development of high-tech light metals required for aerospace, automotive and other indusries and related manufacturing. If you compare Rio Tinto and Alcoa's businesses, you will see the world of difference between the two. However, these so-called pundits do not want to emphasize that. Perhaps they are incapable of comprehending the difference and value Alcoa the same way as Rio Tinto.

      Alcoa is an advanced high-quality American company - an American pride (like Microsoft), the parallels of which are non-existent in the world at this time. Do these so-called Street pundits understand this? No. These idiots do not know the difference between Alcoa and Rio Tinto. China is not as stupid to see this difference since it's actively seeking collaboration with Alcoa. I hope Alcoa management is not greedy to pass the technology to the Chinese.

 
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