4 replies to this topic

[arbman]

The Jan lows are in until OPEX at least?!?

[dcengr]

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.

[Frac_Man]

the chat is on my blog

enjoy


Hank

The Jan lows are in until OPEX at least?!?

[briarberry]

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=

[pdx5]

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.