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AA will go UP
$15.07 on 2/05/09
$13.13 (11.27% from time of market call)
After reading the previous analysis on this stock, I felt like I couldn't possibly do any worse than all the predictions that missed by $45+ dollars.
You want value? How about paying .25 on the dollar for a share of such an important industiral as Alcoa? When the current bear breaks, there won't be a savy investor out there that misses a deal like this. Will there?
Lets talk hard facts: AA peaked on 7/16/2007 at 48.77. From there, it has declined over 75%.
The industrial average peaked on 7/19/2007, but then made a new high on 10/11/2007.
Even the industrial transports, that move AA's materials to market made a new highs in October 2007.
It wasn't the market's fault. Those two facts make AA an underperformer to its industrial brothers because it did not make a new high after 7/16. Don't expect better this time around. This stock is a great value at the moment. Buying this stock is not a bad idea, but there will be better performers out there. Best to move on down the line.
heister
