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View Full Version : Buy ALCOA (NYSE:AA) @ $8 soon to split into two companies.



RobJohnson
01-12-2016, 07:52 AM
http://www.alcoa.com/global/en/news/news_detail.asp?pageID=20150928000294en&newsYear=2015

NEW YORK--(BUSINESS WIRE (http://www.businesswire.com/))--Lightweight metals leader Alcoa (NYSE:AA) is today announcing that its Board of Directors has unanimously approved a plan to separate into two independent, publicly-traded companies, culminating Alcoa’s successful multi-year transformation. The separation will launch two industry-leading, Fortune 500 companies. The globally competitive Upstream Company will comprise five strong business units that today make up Global Primary Products - Bauxite, Alumina, Aluminum, Casting and Energy. The innovation and technology-driven Value-Add Company will include Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. The transaction is expected to be completed in the second half of 2016. At that point Alcoa shareholders will own all of the outstanding shares of both the Upstream and Value-Add Companies. The separation is intended to qualify as a tax-free transaction to Alcoa shareholders for U.S. federal income tax purposes.


I worked here for a few years (the world's largest aluminum plant):


http://www.youtube.com/watch?v=wV4GYMB2wo0

SarasotaRepub
01-12-2016, 09:54 AM
I've heard about this for a while...

I had sold it when it around 11.

SarasotaRepub
01-12-2016, 10:37 AM
Alcoa kicked off (http://seekingalpha.com/news/3025146-alcoa-slips-after-mixed-q4-reports-sees-record-aluminum-demand-in-2016?source=email_wsb&ifp=0) the Q1 earnings season with a mixed showing, as EPS beat expectations but revenues tumbled 18% from the year-ago quarter amid sharply lower aluminum prices. The company projected 2016 global aerospace sales to increase 8%-9% from a year ago on continued strong demand for large commercial aircraft and jet engines, while forecasting 1%-4% global production growth in automotive, including 1%-5% growth in North America. Shares were lower in after-hours trading with Citigroup weighing in on the disappointing earnings.

Retread
01-12-2016, 11:38 AM
FWIW I am not buying anything until I get a feel for what effect $20 oil for two or more years will have on it.

SarasotaRepub
01-12-2016, 03:30 PM
I picked up a couple of hundred just now, it's at the bottom
pretty much and there will be the new shares.

SarasotaRepub
04-30-2016, 11:11 PM
AA has been good to me lately. I've been in and out
of it several times and done quite well.

RobJohnson
04-30-2016, 11:59 PM
AA has been good to me lately. I've been in and out
of it several times and done quite well.

The uses for aluminum continue to grow and is used in many things never commonly thought of.

cadillac shark
05-01-2016, 12:29 PM
The uses for aluminum continue to grow and is used in many things never commonly thought of.

Yep. Like rainware, which continues to be the most viable indicator of aluminum-demand. Polymer substitutes have never been able to surpass aluminum's strength.

Calphalon-cookware's product-strength is another viable gauge of its marketability.

Rockntractor
05-01-2016, 12:47 PM
It will end up like my copper mining stock, now they are sending me bills, I didn't know they did that.

cadillac shark
05-01-2016, 09:38 PM
It will end up like my copper mining stock, now they are sending me bills, I didn't know they did that.

That's not supposed to happen. You're part-owner. If the shares lose value, that's it.

SarasotaRepub
07-11-2016, 10:39 PM
Alcoa (AA) Surprises on Q2 Earnings Beat (http://www.nasdaq.com/article/alcoa-aa-surprises-on-q2-earnings-beat-cm647507)


July 11, 2016, 05:31:00 PM EDT By Mark Vickery


(http://www.nasdaq.com/author/zacks)
Minutes after the closing bell today, aluminum giant Alcoa Inc. AA (http://www.nasdaq.com/symbol/aa) posted a big earnings beat for its fiscal Q2. Earnings of 15 cents per share on quarterly sales of $5.3 billion, easily topped the 9 cents per share and $5251 million in revenues, respectively.

The 66% earnings beat marks the second in a row for U.S.'s top aluminum producer, but the company missed revenue estimates in Q1. Analysts had been slightly biased to the downside in estimate revisions for the second quarter in a row, as well, although the Zacks ESP was looking for a 2-cent beat for Alcoa in Q2.


Even better, perhaps, than its impressive Q2 beat is the 6% growth guidance for the second half of 2016, with double-digit growth beyond. Investors who have been patient on the raw materials side of Alcoa gaining traction the past few quarters are being rewarded today -- with aluminum pricing reportedly up 22% in Q2, the upstream (legacy) side of the business is finally seeing some solid numbers.


YES!!! I may take the profits in the morning. I love this stock!

RobJohnson
07-12-2016, 01:44 AM
Alcoa (AA) Surprises on Q2 Earnings Beat (http://www.nasdaq.com/article/alcoa-aa-surprises-on-q2-earnings-beat-cm647507)


July 11, 2016, 05:31:00 PM EDT By Mark Vickery


(http://www.nasdaq.com/author/zacks)

YES!!! I may take the profits in the morning. I love this stock!


I worked for ALCOA for five years at their worlds largest aluminum plant known as Davenport Works. It was on the bank of the Mississippi River, but it was not actually in Davenport. If I was still there I would have my 30 years in soon. Factory life is tough and hard on the body.