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Karl Denninger » Comments » AA

  • Alcoa Kicks Off Earnings: Some Numbers That Don't Add Up [View article]
    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.
    Oct 09 08:01 am |Rating: +1 0 |Link to Comment
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