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  1. #1 Buy ALCOA (NYSE:AA) @ $8 soon to split into two companies. 
    Moderator RobJohnson's Avatar
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    http://www.alcoa.com/global/en/news/...&newsYear=2015

    NEW YORK--(BUSINESS WIRE)--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):

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  2. #2  
    eeeevil Sith Admin SarasotaRepub's Avatar
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    I've heard about this for a while...

    I had sold it when it around 11.
    May the FORCE be with you!
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  3. #3  
    eeeevil Sith Admin SarasotaRepub's Avatar
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    Alcoa kicked off 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.
    May the FORCE be with you!
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  4. #4  
    Ancient Fire Breather Retread's Avatar
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    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.
    Last edited by Retread; 01-12-2016 at 07:07 PM. Reason: clarification
    It's not how old you are, it's how you got here.
    It's been a long road and not all of it was paved.
    A man is but a product of his thoughts. What he thinks, he becomes. Gandhi
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  5. #5  
    eeeevil Sith Admin SarasotaRepub's Avatar
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    I picked up a couple of hundred just now, it's at the bottom
    pretty much and there will be the new shares.
    May the FORCE be with you!
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  6. #6  
    eeeevil Sith Admin SarasotaRepub's Avatar
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    AA has been good to me lately. I've been in and out
    of it several times and done quite well.
    May the FORCE be with you!
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  7. #7  
    Moderator RobJohnson's Avatar
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    Quote Originally Posted by SarasotaRepub View Post
    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.
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  8. #8  
    Senior Member cadillac shark's Avatar
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    Quote Originally Posted by RobJohnson View Post
    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.
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  9. #9  
    PORCUS STAPHUS ADMIN Rockntractor's Avatar
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    It will end up like my copper mining stock, now they are sending me bills, I didn't know they did that.
    Woe to those who call evil good, and good evil;
    Who substitute darkness for light and light for darkness;
    Who substitute bitter for sweet and sweet for bitter!
    21 Woe to those who are wise in their own eyes
    And clever in their own sight! Isaiah 5:20-21 NASB

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  10. #10  
    Senior Member cadillac shark's Avatar
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    Quote Originally Posted by Rockntractor View Post
    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.
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