id=smartlink&url=http%3A%2F%2Fwww ... Alcoa Inc. Kevin G. Lowery, 412-553-1424 Automotive News Green Car Conference - Thirty years of uninterrupted growth
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Alcoa is taking action to protect the balance sheet by suspending the buyback, and I think people will look at this and say: 'This is a survivor,'
If history is any guide, whenever we get into an over-sold position of this magnitude, we always experience a sharp (20 percent-plus) rally ... Therefore, we believe short-term risk/reward lies to the upside.
Most industrials have raised prices pretty aggressively over the last couple of years
With the dollar having found its bottom, the issue is going to be if pricing is going to hold ... If we're seeing weak volume and weak pricing, that's going to lead to a significant raft of downward pressures.