As much as you whine and #$%$ and moan it's hard to believe you ever got through ground week.
I tend to believe till proven wrong. The more one posts the easier it is to
find flaws if they're not truthful. I never ever ridicule anyone who served in any capacity. For those who have not it is hard to imagine the sacrifice.
The Micromill is in Reno now. Ray wants to bring the assembly to the Tech Center in New Kensington. At the present time the mill is being run and monitored from the Tech Center and they want it closer to their research facility. It is not perfected yet but is coming along nicely.
actual mill is in Reno. The people who originally began the technology are based in Texas. I worked with the techs who are traveling to Reno periodically to furhter the technology. When I retired the last I knew they were trying to decide whether to bring the mill to the Tech Center or build another facility. It is a rather lagre piece of equipment.
I retired last year at this time and although I keep in touch with some of the people as you know in the corporate world things change in a short period. The pilot plant was in SA and then a larger scale mill was built in Reno. Go figure. Never the less, they will perfect the process and it will revolutionize the making of auto sheeting.
For some reason the interest fizzled today. Unfortunately the short interest will take over now that the rally has lost steam. It may take the finalizing of the RTI deal to get going significantly higher.
Short interest won't let this get away from them. The majority of investors have no conception of what Alcoa is doing and most of the analysts are clueless.
I don't trade stocks. I worked for AA for 28 years and know a little bit about the company. I bought back in at @10.60 because I intend to hold for the long haul. I worked at the Tech Center in Pa and am totally familiar with the micromill and most of the other innovations Alcoa has R&Dd. GLTY.
I believe what you say. As I stated I'm not a trader so I have to rely on what I know from working for AA. What I know is they have myriad innovative products and processes that will propel them when all come to fruition. I invested for these reasons. gLTY.
Cramer's lightning round just now. He said when the deal closes AA will go higher. Then you buy. Thursday's the day. This from the great prognosticator.
The capacity curtailment by AA will be significantly covered by the Maa'den facility. It is the most modern and cost efficient in the world. Bar none. They will not divest from aluminum because this downturn will not last. AA knows more about aluminum than any company in the world. Bar none!