Karl Denninger

Alcoa Kicks Off Earnings: Some Numbers That Don't Add Up

Uh, that's a roughly 6% volume decline. I wouldn't call that insignificant, given that its a sequential decline.

I do agree on the debt issue, although they're trying in that regard.

On Oct 09 01:26 AM ryanclarke wrote:

> Good and careful scrutiny of the numbers. With revenue up about 9%
> from last quarter and aluminum prices up 18% from last quarter ....
> shipments should be about the same ... which they were ... not alot
> difference of shipments of ... 1,230,000 metric tons shipped this
> quarter, 1,288,000 last quarter. What's of greater concern to me
> is following AA debt levels and the ability to service that debt
> level long term.