I learned to take you to the cleaners. Vale had become my biggest position as I bought cheap thanks to bashers like you. I had mercy on you shorts Friday and reduced my position 25%, bringing down my cost basis to $5. Apparently McCall is the one being taught a lesson. My spelling good enough for you Jack Off?
How about a 12.59PE this year 10.57 PE next year. What hurt the stock was arbitrage. They shorted AA and bought RTI. AA's stock price is artificially low and will correct itself in time. Alcoa is a great but don't except to make money day trading it.
From conference call: fourth quarter sales of $227 million to $237 million and fourth quarter adjusted EPS of $0.31 to $0.34.
That's ok let the bozos play their games. I'm happy with the other side of the trade. I paid $14-$15 last year when Alcoa's future was less certain.
Aerospace growth 10%, auto growth 5%. PE 12+ forward PE 10+. Shorting is dumb.
Fear of Aluminum prices falling, due to China losing stream is today's conventional wisdom. China may slowdown and Aluminum may fall, and this would have an effect on Alcoa's earnings. The fallacy with this assumption is Alcoa's future is tied to aerospace and auto manufacturers. Then too there are strong opinions that China's infrastructure stimulus will have a positive effect on Aluminum. I said it before and I'll say it again, the PE is too low, especially considering the growth anticipated in aero and auto. Alcoa is not a good stock to trade but it is a great long term investment.
Sentiment: Strong Buy
Good laugh last week reading all the experts saying the plant restarts would be delayed 6 months to a year. Shorts take it on the chin again. All they have going for them is a court ruling in 4 years. Ha.
That might be the explanation. Plenty jumped on the bandwagon and shorted commodity miners. I don't think they cared Alcoa is a finished products company. Big mistake.
True. They are getting away from being a pure commodity play. That's where the growth is. I'm befuddled how the market still hasn't recognized how low the multiple is.
Timing is for traders and your post was mindless. If you are truly long you should not worry about Iran effecting Uranium pricing in any way. Your focus should be utility companies. They've been holding off purchasing and with India stepping into the market, there should be concerned about another player entering the fray.
Not true. TCS money making quarter is back to school. It's the quarter they earn. Management guided at $0.31 to $0.35. I'm more interested in their SSS.
You set your sights way too low. There is not reason Alcoa's PE shouldn't be at least that of the S&Ps.