Alcoa Corrodes
It's a shame that earnings season always begins with the report from Alcoa (AA), because it almost always assures that earnings season begins with a disappointment. I expect nothing better this coming Tuesday as Alcoa is primed to deliver a miss as it has for five of its last seven quarters.
Several things have been conspiring against Alcoa's progress over the past several years, and I have followed this aluminum giant and prayed for good news to turn the company around. Alcoa is almost a U.S. monopoly; its only real competition comes from the Aluminum Corporation of China (ACH), which is much more engaged in industrial aluminum and not the advanced applications for aerospace and autos....449 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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