Arconic (ARNC)

[GoliathVette]

Buy

[bakersson]

I hope you are right. Are you a lawyer?

[GoliathVette]

So the lawsuits won't win and here is why...backstops. It is no Arconics fault. No one is jumping onboard with money hungry law firms. I could put siding on my house tomorrow and my house burns down...who do I blame? The lumber Company? The business who put it up? What loophole do I grab on to in order to blame? None...negligence is a factor. Whether it is material or engineering is anyone's guess...everyone knew what they were getting into when they made the decisions they made, period. Choose wisely...Arconic has awesome products...tested and trued.

[mbenson898]

$ARNC Earnings Infographic

$ARNC Arconic Inc. Earnings AlphaGraphic: Q2 2017 Highlights

[GoliathVette]

Yeah just terrible huh?! Not so much.

[r clarke]

Apparently getting worse as more buildings have been discovered which used
flammable materials:


https://finance.yahoo.com/news/ap-exclusive-us-hotel-nfl-arena-may-sport-073448247.html

[r clarke]

Found discussion on Yahoo saying the same materials that were present in the Grenfell Towers in London, may have been used on a Marriott in Baltimore.




http://baltimore.cbslocal.com/2017/07/11/are-same-building-materials-from-london-high-rise-fire-used-in-baltimore-hotel/

[r clarke]

"We must allow that inquiry and the criminal investigation to run their course. Each must have the space to follow the evidence wherever it takes them.

We must all be careful not to prejudge or prejudice either of them.

But what we can do, right now, is take sensible precautions to avoid another tragedy.

The Building Research Establishment is continuing to test the combustibility of cladding from councils and housing associations, as well as private landlords.

So far all the samples of cladding tested have failed. That’s 181 out of 181.

It’s obviously disturbing that there are such a large number of buildings with combustible cladding, and the priority now is to make those buildings safe.

Where appropriate mitigating measures cannot be implemented quickly landlords must provide alternative accommodation while the remedial work is carried out, and that is exactly what happened in the 4 tower blocks in Camden.

Our primary concern has been buildings over 18 metres, or 6 storeys, where people stay at night.

Hospitals and schools are also being assessed.

Mr Speaker, we ourselves have asked questions about the testing regime after discovering the 100% failure rate so far.

Last week I asked for the testing regime to be independently assessed.

This was carried out by the Research Institutes of Sweden, and they have confirmed they believe the process to be sound.

A full explanatory briefing note on the testing process is available on GOV.UK.

As the note explains, every failed test means the panels are unlikely to be compliant with the limited combustibility requirement of the building regulations guidance.

This has been confirmed by legal advice and the advice of the independent expert panel that was established last week.

For use of the panels to be safe landlords need to be confident that the whole wall system has been tested and shown to be safe.

We are not aware of any such system having passed the necessary tests, but I have asked the expert advisory panel to look into this further."






https://www.gov.uk/government/speeches/update-on-grenfell-tower-fire-and-fire-safety

[GoliathVette]

No effect...especially with all their current orders.

[r clarke]

Any thoughts on how the London fire and the resulting lawsuits will affect the company?

... how likely are criminal charges, now that emails have surfaced showing
the company knew flammable materials were being used in tower?

[r clarke]

Even more issues now, with quality problems in an aircraft engine.

PPS is already beat up, where does this go from here?



http://www.msn.com/en-us/money/companies/arconic-quality-issue-said-to-have-marred-boeing-737-max-debut/ar-BBDsOz2

[Ecomike]

Well I finally picked a sell point with good timing back in March here for one of my stocks finally, this one. The news on the fiasco in the UK over the fire is not going leave this stock alone for some time now. Sad...

https://ih.advfn.com/p.php?pid=nmona&article=75112556

[bakersson]

Thanks. I agree with your assessment, but I am going to hold on. I think ARNC has a bright future. I see them being the Corning of Aluminum.

[Ecomike]

Market is looking overbought now, and the reason it is overbought, Trump, may be in serious trouble, the Russians are coming....., and ARNC had two days of heavy red pull backs already, after getting up over $30, now having trouble even holding $28/share.

Risk reward is too high right now for me. I sold AA-too soon, but it has not gotten much higher than where I sold about 2 weeks ago. I held AA 3 times since 2009 when I bought, and regretted not selling the rallies like this one.

Best of luck though!!! I am still watching this one.

[bakersson]

What signs don't look good?

[Ecomike]

I sold out here today. The sign posts are looking ugly now.

[Ecomike]

$ARNC is the new energizer bunny!!! Glad I hung on to these, christmas is coming early!!!

[nupapa]

Elliott still buying:
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000004281

Nupapa

[newmillionaire]

I know Elliott says Arconic should trade around $50 per share, but in reality sir the market could drive ARNC somewhere between $75 and $100 per share. More power to the activist shareholder. Go ARNC GO!

[nupapa]

Agreed. Keep the pressure on to produce - at the end of the day everyone agrees it's undervalued. So the fight, if nothing else, is drawing attention to that fact. Like seeing Elliott continue to accumulate:
https://www.sec.gov/Archives/edgar/data/4281/000114036117005166/xslF345X03/doc1.xml

All good for longs, IMO

Nupapa

[newmillionaire]

It's a win-win for Elliott and a win for individual investors whether Klaus is ousted or not. The input and effort from an activist shareholder like Elliott is making a difference in the pps, and that is what we all want to see. In my opinion, there is no logical reason why Arconic is trading under $50 per share. It should be trading @ 50 or higher and that is why I'm happy Elliott is making the fuss that is happening as we write. Klaus know that Arconic pps should be much higher and the pressure is on him to get that price per share higher. Glta

[nupapa]

Wondering how long this power struggle will go. Gotta get more large shareholders to voice their support for Elliott. As long as the PPS keeps rising I'm not sure the board has an incentive to send Klaus packing. Only two things are going to change the status quo:
-- Get the majority of shareholders to publicly back Elliott, as First Pacific and Orbis have.
-- Get some of the board members to break with the ranks and support change.

Loving seeing green everyday, though!

IMO

Nupapa

[trendmkr]

ARCONIC INC. (NYSE:ARNC) Files An 8-K Regulation FD Disclosure https://marketexclusive.com/arconic-inc-nysearnc-files-an-8-k-regulation-fd-disclosure/71431/?icd1

[newmillionaire]

Under Elliott, Arconic could trade as high as $100 pps. Or even better become a buyout candidate @ $50 pps.

[nupapa]

Another major shareholder ready to vote against Klaus:
http://www.businesswire.com/news/home/20170202005991/en/Orbis-Announces-Intention-Vote-Klaus-Kleinfeld-Reelection

All this shareholder pressure will be good for ARNC.

IMO
Nupapa

[Ecomike]

$ARNC is still climbing!!!! Yahoo!!!

[Ecomike]

Yehaa!!!! What a ride, glad I hang on to these shares!!!!

Ride em cowboy!!!!!

Happy days are Here again!!

[Ecomike]

Indeed. I have shares from the split of Alcoa. On watch to decide if I sell, hold or buy more. Earnings (Loss) listed on IHUB is bad, price has been swan diving, but the PR pumps look rosy.

[Crusen]

I'm not sure why I said this after the election. I was probably still in shock.

Now that a rookie psychopath narcissist authoritarian is potus all bets are off for the futures of industrials....

[Wildfalls]

Saw Kramer and jumped in. This looks like it could be a keeper for 2017 .

[Crusen]

Imo a good medium term investment. Solid company with many strong points and an almost guarantee of rapid appreciation in its future.