There was never a sustainable China story, it was leveraged on out soucing by the G7, now that they reached critical mass in general in that area, they have to reinvent with the money they saved. There is no recover in 2 years, that's a joke. Too large of a country, maybe regional provinces may grow but not the entire country.
This will improve profit margins and save on input energy costs.
This will boost aerospace industry in Q3-4, and also the automotive sector and many manufacturers are doubling down to meet demand, the Ford Truck etc.
The demand for Aluminum is healthy given the global slowdown this quarter in the economy, and Alcoa is a great value at these amazing prices.
Last quarter many analysts were saying its a buy at $53 a share, because of periscope. Give me a break, what a scam. Now given the multiples, earnings, and forecasts, the share price is probably now not worth more than $10. Google or Apple will buy TWTR by next year if it dips for $10 a share, then we can have Apple TV, Music, TWTR as part of the monopoly.
I agree. Sales and profit growth is limited the next decade in these sectors, and they need more efficiencies, and in an era where things are relatively cheap in terms of some equity prices, this would make sense to a Cisco, IBM, or similar. I think a buy out target of $25 is about right this quarter, it could get a lot more expensive in 6 months. i wonder if management has any information on these ideas.