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ItNeverRains 
LSU Fan
Franklin, TN
Member since Oct 2007
4810 posts
| Somebody talk me out of Alcoa (Posted on 11/30/12 at 8:04 am)
At 8.40 what could possibly be the danger in 1000 shares?
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Franktowntiger7
LSU Fan
Member since Dec 2010
1637 posts
| re: Somebody talk me out of Alcoa (Posted on 11/30/12 at 8:22 am to ItNeverRains)
Don't do it. Your welcome
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foshizzle
LSU Fan
Member since Mar 2008
25459 posts
| re: Somebody talk me out of Alcoa (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.
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BennyAndTheInkJets 
Arkansas Fan
NYC
Member since Nov 2010
2879 posts
| re: Somebody talk me out of Alcoa (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.
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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
63835 posts
| re: Somebody talk me out of Alcoa (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.
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foshizzle
LSU Fan
Member since Mar 2008
25459 posts
| re: Somebody talk me out of Alcoa (Posted on 11/30/12 at 11:04 am to LSURussian)
But ... but ... the price is low!
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LSU0358
LSU Fan
Member since Jan 2005
4608 posts
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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
4810 posts
| re: Somebody talk me out of Alcoa (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.
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foshizzle
LSU Fan
Member since Mar 2008
25459 posts
| re: Somebody talk me out of Alcoa (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.
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jso0003 
Auburn Fan
Birmingham/Atlanta
Member since Jun 2009
4469 posts
| re: Somebody talk me out of Alcoa (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.
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foshizzle
LSU Fan
Member since Mar 2008
25459 posts
| re: Somebody talk me out of Alcoa (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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