Nice beat and raise. Top line growth. Perfect earnings kickoff. Add the ADBE likely merger with MSFT on top of today's retail sales reports and reduced unemployment claims and there is no room to short the market at this level.
Overseas demand.. "“We see markets strengthening and have increased our 2010 global aluminum consumption forecast to 13 percent from 12 percent. In countries such as China, Brazil, India, and Russia, more and more people are moving into the middle class, driving demand in building and construction, transportation, and packaging."
Gotta laugh at the absurdity of it all: the company blamed lower earnings in part on the weak US dollar....
Gee...I thought all that f/x risk was going to be hedged, and so we had nothing to worry about as Benny and the POMO's monetize away the value of our currency?!
Profit margins are crapola, and they 'beat' once-again-lowered expectations.
MarketWatch reports 6 cents per share which is line with the analysts' expectations from this morning: 6 cents per share. All other sources I saw also report 6 cents. Where did you get 9 cents? I am all for good news but they have to be real, not fake.
Would have been 9 cents....I guess SA read the wrong thing. "The New York-based company, seen as a bellwether for global manufacturing, reported earnings of $61 million, or 6 cents, down from $77 million or 8 cents a share a year earlier. Excluding one-time items, earnings would have come in at 9 cents a share."
You must be same fellow who is enough convinced to buy, only after company has first beaten estimates numerous quarters and finally releases record earnings?
I would be worried that any big block trades are sellers. I've been sitting here watching AH and any size over 5K (most not all) and each and every 10K+ block is a seller and they are selling well under market @ ~12.25 to 12.35.
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Overseas demand..
"“We see markets strengthening and have increased our 2010 global aluminum consumption forecast to 13 percent from 12 percent. In countries such as China, Brazil, India, and Russia, more and more people are moving into the middle class, driving demand in building and construction, transportation, and packaging."
Got to have something in the packaging...
the company blamed lower earnings in part on the weak US dollar....
Gee...I thought all that f/x risk was going to be hedged, and so we had nothing to worry about as Benny and the POMO's monetize away the value of our currency?!
Profit margins are crapola, and they 'beat' once-again-lowered expectations.
"The New York-based company, seen as a bellwether for global manufacturing, reported earnings of $61 million, or 6 cents, down from $77 million or 8 cents a share a year earlier. Excluding one-time items, earnings would have come in at 9 cents a share."
from last year....TTM per share 932.49....add another 11 for this quarter
Good luck!