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Alcoa Inc. Message Board

  • hitofly60 hitofly60 May 17, 2014 10:06 AM Flag

    Same old WEAK management

    Giving into the UAW. reminds me of GM always caving in to avoid a strike. No balls and they finally let the UAW put them out of business. Of course then Obama gave it back to them and screwed everybody else. i thought AA board had more guts but I guess not.

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    • hitofly, I respectfully disagree, very respectfully.
      I'm sure Alcoa wasn't thrilled with this agreement, but I'm sure they ran through the numbers and found they could make it all work out {unlike the Twinkies Bakery}. Alcoa is just starting to supply automotive sheet material and this effort will start a revolution in the aluminum industry that was unimaginable a few short years ago. They could not afford to have any delays in the delivery of this material. They have already spent 1/2 $billion in the USA on plant expansions for the automotive industry. It only gets better when GM and others start receiving material. ALCOA is no longer restricted to sales in airplanes, storefronts and beer cans. Before this 5 year union agreement expires, ALCOA will go above their $47 high on share price {MHO}.

      ALCOA's management is top notch. Hold tight and wait another 3 yrs or so.

      Sentiment: Strong Buy

 
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