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Started By
Message
Somebody talk me out of Alcoa
Posted on 11/30/12 at 8:04 am
Posted on 11/30/12 at 8:04 am
At 8.40 what could possibly be the danger in 1000 shares?
4
Posted on 11/30/12 at 8:22 am to ItNeverRains
Don't do it. Your welcome
Posted on 11/30/12 at 8:52 am to ItNeverRains
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.
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.
Posted on 11/30/12 at 9:07 am to ItNeverRains
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.
Plus the CEO's name is Klaus. That just reminds me of Hans from Die Hard, and he was the bad guy.
Posted on 11/30/12 at 9:41 am to ItNeverRains
AA won't move up much until the worldwide glut of aluminum is absorbed which is not forecast to happen for several years.
Posted on 11/30/12 at 11:04 am to LSURussian
But ... but ... the price is low!
Posted on 11/30/12 at 12:07 pm to BennyAndTheInkJets
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.
Posted on 11/30/12 at 2:28 pm to foshizzle
quote:
But ... but ... the price is low!
You sound like this guy I see in the mirror everyday.
Posted on 11/30/12 at 7:40 pm to ItNeverRains
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.
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.
Posted on 12/2/12 at 11:26 am to foshizzle
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.
Posted on 12/2/12 at 9:16 pm to jso0003
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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