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Strategies & Market Trends : Classic TA Workplace

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To: The Freep who wrote (70472)	4/4/2003 5:04:57 PM
From: reaper	Read Replies (5) of 209892

<<the market likes the fact that AA reported when they did>> the market might have a look at Alcoa's balance sheet. $192mm of 'pro-forma' net income, yet cash didn't move and they have $300mm more debt. inventories are up more than 6% yr-yr despite shipments down almost <5%> (same order of magnitude on a sequential basis as well); got over-absorption of fixed costs into inventory so we can make numbers? (this accusation is backed by / consistent with the fact that they are reporting gross margins increasing). yeah, i know, nobody cares FA. Alcoa reported when they did 'cause they're hoping if nobody looks past the P&L nobody will figure out they're on their way to BK. <g> (oops, there goes my malfunctioning trading software again, spitting out zero price targets....should i post the chart? <g>) anyway, enough of turning this thread into an un-readable cesspool with my nonsense FA and un-necessary sarcasm. back to the weeds.... Cheers

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