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elena_murooni

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elena_murooni

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Re: homeboy post# 46045

Wednesday, 02/18/2009 7:04:12 PM

Wednesday, February 18, 2009 7:04:12 PM

Post# of 112056
I thought Alcoa was a bargain in Oct/Nov @ forward P/E of 4. It's 52 week low was 6.80.

Alcoa then reported & gave sad guidance. And now (today) the forward P/E is 8.54 and it closed at 6.49. Will we see $5?

It will get progressively worse because I can't see the aluminum demand yet.

Bottom line? This is a very, very tricky market to analyze because the velocity of stats changing means you have to stay on top of it.
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