Alcoa?

pclark · Oct 12, 2008

OK, assuming we are getting close to a bottom. I am thinking about buying some Alcoa stock. There last earnings report was down but they are a very strong company and I am thinking a good investment given the current price of their stock. Does anyone see any reason why this would not be a good buy assuming we are close to a bottom?

Paul

jficquette · Oct 12, 2008

They have 10 billion in debt. Look for companies with no debt for now.

rros · Oct 12, 2008

Aluminum price weakness at present.

http://www.infomine.com/investment/historicalcharts/showcharts.asp?c=Aluminum

condorll · Oct 12, 2008

Go Long CTSH.
No debt
Tons of cash
Growth.
Just confirmed this quarters estimates.
Tons of work headed to them from all the mergers and aquisitions in the financial sector.

kxvid · Oct 12, 2008

AA is the biggest garbage company ever. Although at this price it does look slightly interesting. Still Id follow buffets advise about how it is better to buy a great company for a good price than buy a bad company for a great price.

SCNinvestor · Oct 20, 2008

Quote from jficquette:

They have 10 billion in debt. Look for companies with no debt for now.

any examples?

stock_trad3r · Oct 20, 2008

AA sucks. going to 5

BadCo · Oct 21, 2008

Quote from stock_trad3r:

AA sucks. going to 5

Gotta agree. Alcoa has hardly recouped any losses during this mini rally. Bargain hunters are providing more shorting opportunities for insiders.

kxvid · Oct 21, 2008

Quote from SCNinvestor:

any examples?

CF industries. 1 billion in cash, no debt, highly profitable and well positioned company.

SCNinvestor · Oct 21, 2008

Quote from kxvid:

CF industries. 1 billion in cash, no debt, highly profitable and well positioned company.

thanks, kxvid, gonna take a look at it right away.