The Jan lows are in until OPEX at least?!?
Alcoa reports after the bell
Started by
arbman
, Jan 09 2007 05:26 PM
4 replies to this topic
#2
Posted 09 January 2007 - 05:31 PM
The Jan lows are in until OPEX at least?!?
I just posted that I think gold is about to bounce.. also went long OIH. Probably a bounce due for materials stocks.
Qui custodiet ipsos custodes?
#3
Posted 09 January 2007 - 05:38 PM
the chat is on my blog
enjoy
Hank
enjoy
Hank
The Jan lows are in until OPEX at least?!?
#4
Posted 09 January 2007 - 06:06 PM
headline figure looks very good
Alcoa Profit Jumps 60% as Aluminum Prices Climb (Update2)
By Dale Crofts
Jan. 9 (Bloomberg) -- Alcoa Inc., the world's biggest aluminum maker, said profit jumped 60 percent in the fourth quarter as metal prices gained.
http://www.bloomberg...6...&refer=home
AL
http://www.futuresou.......p;b=bar&st=
Alcoa Profit Jumps 60% as Aluminum Prices Climb (Update2)
By Dale Crofts
Jan. 9 (Bloomberg) -- Alcoa Inc., the world's biggest aluminum maker, said profit jumped 60 percent in the fourth quarter as metal prices gained.
http://www.bloomberg...6...&refer=home
AL
http://www.futuresou.......p;b=bar&st=
#5
Posted 09 January 2007 - 11:05 PM
Alcoa earnings jump 60% and stock jumps 5%?
Why such a tepid response to the magnificent earnings numbers?
Are the earnings based on FIFO or LIFO? IOW since Aluminum orders
have long term delivery schedules, are these earnings based on
deliveries during the 4th quarter or new orders during that period?
My best guess is it must be deliveries based earnings which means
you are looking at business conditions 4 to 6 months back. A more
significant number would be new orders received more recently.
Edited by pdx5, 09 January 2007 - 11:11 PM.
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