Alcoa's Price Is a Sign of the Times
Alcoa (AA) is only worth $8 billion. That's astounding. This is an Alcoa that has plants under management that cost that much to build. It is a profitable Alcoa, one that generates a huge amount of cash flow.
Its last quarter, which kicked off the earnings season, was a genuine upside surprise. I can't recall a time in the most recent era that Alcoa has been better run. And it doesn't seem to matter. Alcoa is perceived to be so linked to the recession in Europe and the slowdown in China that CEO Klaus Kleinfeld can't seem to win....155 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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