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Alcoa Inc. Message Board

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  • tjenk123321 tjenk123321 Oct 20, 2011 5:20 PM Flag

    China killed solar, China will kill ALUM

    We'll see how long that lasts.

    China's cost has been coming down in all areas.

    And no, electricity is not more expensive in China, its much much cheaper, the problem is availability. And labor costs are virtually free in China.

    In 10 years, when Alcoa is gone, the U.S car makers are gone, Boeing is in serious decline, and the only U.S companies making money are Goldman Sachs and the Oil majors, you will wish you sold this crap stock.

    China is going to eat our lunch. Little debt, Cheap labor, no unions, protectionist government, there is no way the U.S can compete with that forever. We will lose.

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