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Alcan Aluminum (AL.TO)

BUY ON WEAKNESS
Would prefer to buy in the mid to high $30's. Higher Cdn$ is hurting.
BUY
Outlook going forward is good for base metals. Like nickel and aluminum.
BUY
Underperformed because of the Cdn$. Aluminum prices have been soft. The aluminum market looks like its tightening up.
BUY
Was trading around its lue in the low $40's/high $30's.A good time to buy. Should have some decent upside in the next 2 years.
BUY
As the economy starts to recover, aluminum should do extremely well. A premier company.
BUY
Should move further up.
DON'T BUY
Fair market value has been falling and is now $51. Neutral/Concern on the mining industry.
TOP PICK
(Was a top pick on Mar 24/03. Down 1%.) The strong Canadian dollar has hurt. Relatively under valued. Good base pattern.
DON'T BUY
Can't see any reason for metal stocks to move up. There is a currency risk. Valuation is OK.
PAST TOP PICK
(Was a top pick on Dec 5/02. Down 13%.) Commodity softening has been a disappontment.
TOP PICK
Because of acquisitions they will have $200 million in cost savings. Have a pricing advantage because they are 65% self powered. Principle risk would be if China's GDP growth dropped because of SARS.
DON'T BUY
Priced in US dollars so as the dollar drops, the value of Alcan drops.
PAST TOP PICK
(Was a top pick on Mar 26. Up 3.6%.) Still likes. Has been hurt by currency moves. Well positioned for an economic recovery.
BUY
Have to play this stock based on an economic recovery. Should have some upside.
WEAK BUY
Would buy at $37/38. Could buy now, but doesn't expect any big upside.
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