ALCOA Inc. (AA)

[OMOLIVES]

Here is my rant against Alcoa. You can ..of course...just look at their history. Half the time...they diversify. The other half of the time...they divest. After the circa 90' diversification they were moving well on up.....within ten years..they sold it all off. I am not talking about the entire lot...but staples that made them a power house in Pittsburgh and beyond. No one individual can bank on retiring from Alcoa. I know you can say that about a lot of Companies...but this one takes the cake because of all the zig zagging'.

I always like to refer to Mastic...the Company that started the vinyl siding game(literally). Alcoa acquired them circa 89/90...and immediately thought they would just kill the name.."Mastic" and just merge the siding lines under the Alcoa name(alcoa always had a good name). They found out they couldn't do that.

I would have to say that over 75% of the homes in Pittsburgh during the 90's with siding was Alcoa's. I am being safe there as well. They sold all to Plygem...fn' Plygem! The aluminum rain carrying products were top notch...and everything about them was top notch.

But...yet once again...they went after the diversification and all went to shit by 2006/2007. Now..they didn't do any crazy diversification like GP did in the 90's...yeah Georgia Pacific went nuts, and I had several past coworkers join them and make the move to Atlanta. Tried to talk them out of it...but no.

The point I am trying to make with regards to Alcoa is stay away for now. They are stuck with smelting/ore...and are going to get destroyed in the near term. Walk away...walk away. They apparently will never stop going back and forth...and it's sad. If you are looking to trade...wait til it gets around usd10 at the least on the ticker....yeah...that's correct. Be tempered and know that I never beat up any stocks. I know this one though...and I withheld a ton of information.