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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Paul Senior who wrote (21329)9/28/2006 2:57:14 PM
From: Paul Senior  Respond to of 78470
 
I'll up my few shares of Alcoa a little.

Still looks to me that this DOW component is selling at an attractive price based on relatively low p/sales and p/book. Forward p/e -- in which I put no faith - seems to be low too. There's a mediocre dividend yield while waiting for this cyclical stock to improve.

I'm guessing there's not much stock price appreciation (maybe from $27 to $35 or so in maybe a couple of years?). OTOH, in spite of high energy prices, I'm guessing the business is intact (safe), and that there'll be continuing aluminum demand from emerging markets.

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