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Strategies & Market Trends : Value Investing
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To: John Koligman who wrote (51129)3/19/2013 1:54:05 PM
From: Paul Senior  Read Replies (1) of 78870
 
AA. Thanks for checking history here before posting.

Yes, in past I've been a buyer -- each time it was a reversion-to-mean play. I've not been a buyer in the past couple of years because competition (Chinese) seems to be large enough and strong enough to keep profits down. (AA in fact has had lousy returns the past five years.) So I've abandoned my idea that the company will have its cyclical good years and the stock will cycle back up --- that it will revert-to-mean. Consequently, I see (for me) no good reason to buy AA shares at current price. Re. FCX, I added to my small position recently in $34 area, and I still like the stock (now down to $32.78).
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