Alcoa, Inc. Message Board
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Anyone notice the headllines crossing a few minutes ago?
(H) DJ Alcoa Sees 4Q Restructuring Chgs Of 15c-16c/Shr >AA
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Look for a big uptick in long term investment after the info is digested by the pros,!!!
- 1 Reply to bagustav
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I agree. This is what I call cutting the fat. Wall street wants to see this. Of course, the laid off employees don't want to see this though. It sounds like Alcoa is going to throw all the bad news into this quarter's earnings report. There might be a sell off going into earnings now.
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Sounds good to me. Restructuring is always good especially the way Alcoa is doing. Wasn't really expecting huge earnings 4th quarter. Mining only the amount they can use will increase the value 10x and cut their exposure to all the uncertainties of the market.
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Yes they are cutting smelting capacity. Never good for the top and bottom lines. Trying to pre-warn before Monday?
- 1 Reply to vincent90157
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This is old and inefficient capacity that we are not making much money on and depressing metal prices.
This is excatly what is needed as Alcoa is investing in new technology in Canada with 3 cents/kwh power cost.
This is called Free Power.
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