So the U.S. Government rather lose jobs here instead of just banning imports from China who is manipulating the price of aluminum and to save jobs here. The government can actually step in and control this non sense instead of allowing China to play them around. It's not just aluminum, it just seems everything else is just China. Toys, clothing, canned food, household items, etc....
China has taken over the world, that's why things don't get better in the U.S. Because jobs are not safe even with the multi billion dollar companies.
Earlier when it was announced, it was said by kk that shareholders will own both companies. If u currently have 1000 shares of Alcoa, u will have 1000 shares of the new company's stock as well, but details was not released on how this would happen. I am assuming they do 2 for 1 split where ur 1000 shares will turn to 2k shares, Alcoa stock will trade inside $4 range, and then they can split those shares into 2 companies, supposedly the new company will be values over 15$/share. Scenario if it happened today.
$4.5/share for AA with 1k shares
$15/share for new company with 1k shares
This is bullish for Alcoa stock if this happens next year. Hold....
This doesn't look so good, although I am long and gonna try to hold until 2020 to see max the max potential from Alcoa, but this getting really sskltupid.
Oil up over 50$, LME up 3%, other commodities being high, I see people being sorry for selling ah. Don't be surprised to see this recover and turn positive. Also the newest 1.1billion dollar order with Airbus want even priced in as it still has room to move up.
Some of those billions will account to Alcoa once Boeing secures the deal. Orders are piling up one after another.
Regardless what happens tommorow, the future of this company is bright. They just secured additional 2.2billion dollar in orders just this week. This will add to already 4th quarters profit, from then on it will go up. We may see a pull back tommorow though, but I am long so it does not matter for me
Well ford surprised with f-150 truck sales and it was a record sales in August, so I am assuming that's gonna help Alcoa flat line er. If it will be a miss, I don't think it will be a lot.
I am assuming Alcoa is also gonna split the shares something like 2/1. If u owned 1000 shares of AA at current price of 9.60, after split AA will be worth $4.80/share and you will own 1000 shares, and the other 1000 shares will be applied to the second company.
From added value company or is our shares gonna split into two companies?
So how is this gonna help Alcoa stock? We may always trade at this levels as a commodity company, while the new company will trade differently as a manufacturing company somewhat. They used alcoas money to build 2nd company, and will shareholders have a choice if they wanna own the commodity side of business or vice versa?
The only way I see it happen that Alcoa doesn't get treated as a commodity stock is, actually if they change their name and come out with a strong statement regarding companies future as a different company. Can Klaus do that?
This is already at its lows. 50cents up and down from here makes no difference, stocks always go up and down, and now Alcoa is down getting ready to go up. Just patience. Buy and hold long, don't sell before it sees 30$
I thought that this was a positive news for Alcoa, but interestingly the stock went down, atleast it should've stayed flat. Hopefully sanctions are lifted on iran as well, as they allready have announced they will purchase $22billion worth of airplanes
Upstream business is really strong and there is continues growth, while Alcoa is trying to move away from its commodity business. Does not worry me what China does. Eventually the street will have no choice but to revalue this company after 3rd quarter. People wanna know what percentage of the company is based as commodity vs their upstream businesses. Will get the results on that on October 8th. Seat tight, we are at the bottom, can't go any lower then it already has. . A buck down or up from here does not matter, gotta look to the future.