Somebody talk me out of Alcoa | TigerDroppings.com
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ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
7245 posts
Online

Somebody talk me out of Alcoa

At 8.40 what could possibly be the danger in 1000 shares?


Franktowntiger7
LSU Fan
Member since Dec 2010
1923 posts

re: Somebody talk me out of Alcoa
Don't do it. Your welcome


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foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
31268 posts

re: Somebody talk me out of Alcoa
The danger is that it might go down.

OTOH, it might go up.

The price per share is not a reliable guide to which will occur, or when. Hell, it could go down to 5, you sell in disgust, then it goes up to 15.


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BennyAndTheInkJets
Arkansas Fan
NYC / Orange County
Member since Nov 2010
4232 posts

re: Somebody talk me out of Alcoa
It's a company that has -$244M available to common shareholders, a profit margin of -1.02%, and will be making several billions of dollars in injections to its pension plan the next several years.

Plus the CEO's name is Klaus. That just reminds me of Hans from Die Hard, and he was the bad guy.


LSURussian
LSU Fan
Member since Feb 2005
85143 posts

re: Somebody talk me out of Alcoa
AA won't move up much until the worldwide glut of aluminum is absorbed which is not forecast to happen for several years.


foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
31268 posts

re: Somebody talk me out of Alcoa
But ... but ... the price is low!


LSU0358
LSU Fan
Member since Jan 2005
5563 posts

re: Somebody talk me out of Alcoa
quote:

It's a company that has -$244M available to common shareholders, a profit margin of -1.02%, and will be making several billions of dollars in injections to its pension plan the next several years.


This. Alcoa is a giant POS. It underperforms pretty often come earinings time.

quote:

Plus the CEO's name is Klaus. That just reminds me of Hans from Die Hard, and he was the bad guy.



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ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
7245 posts
Online

re: Somebody talk me out of Alcoa
quote:

But ... but ... the price is low!



You sound like this guy I see in the mirror everyday.


foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
31268 posts

re: Somebody talk me out of Alcoa
No offense meant - it's just that I learned that lesson early. Bought stock in a company that had been around 30 but fell back to 5, which is where I bought 500 shares.

I also happen to work at said company and things looked they were getting better.

They liquidated two years later. All I got out of it was $30 from a class action lawsuit brought by the vultures that circle in these situations.


jso0003
Auburn Fan
Birmingham/Atlanta
Member since Jun 2009
5163 posts

re: Somebody talk me out of Alcoa
quote:

I also happen to work at said company and things looked they were getting better.


This is why you shouldn't invest in your own employer... they're already responsible for your paycheck, diversify.


foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
31268 posts

re: Somebody talk me out of Alcoa
quote:

This is why you shouldn't invest in your own employer... they're already responsible for your paycheck, diversify.


Normally I completely agree, as I implied I learned a lesson.

Fortunately it was early in my career and not much was at stake.


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