svosavvy

Alcoa's Bloodbath: Weak Demand, Tight Margins

You could make humongous cars out of plastic. LOL I wonder why suspend the stock buybacks, honestly it's never been cheaper and what a way to instill confidence, why not just scale back the buyback? How safe is this dividend? That seems like the 800lb gorilla in the room. According to the balance sheet they are sitting on a lot of finished goods, not good in todays environment. We like to see cash when times are tough, during the call I believe they stated 1:3 debt to cash, I wonder if they are counting goods as cash. Feedstock costs seem to be cheapening that's a plus. Maybe that's the plan, gorge on material while it's cheaper to make it and horde it until things get better. Seems Klaus has inherited a sh*t sandwich. Long AA on valuation. Though, I think a dividend cut will have the faithful running for the exits.