Alcan Aluminum (AL.TO) Buy, Sell or Hold

Alcan Aluminum (AL.TO)

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104 watching

WATCH

Take a 2 year view, and it will do well. Seasonal factor with this company. Buy in Sept, sell in Feb. Look to reenter when it's below 50.

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TOP PICK

Cutting costs by closing two smelters in Switzerland and France. This is why the fourth quarter numbers looked bad. If you look at the operating numbers, they are actually pretty good. The price of aluminium, a late cycle meta, has start to run.

HOLD

Aluminum has been a metal that has lagged the other metals. The costs part of the equation does not favour aluminum. A lot of capacity has been taken out because of the high cost of energy which is creating a deficit in aluminum in 2006.

TOP PICK

Their earnings where spectacular. They have substantial earnings power is the price of aluminum moves up, possibly as high as $1.20 a pound. They have their costs under control although the price of energy is an issue.

HOLD

Demand for aluminum seems to be picking up. Aluminum is very energy intensive and takes a lot of electricity which is getting very expensive. Capacity in Europe is decreasing so there is a diminishing supply while demand is rising.

BUY

They are now closing high cost smelters in Switzerland and France so their costs are coming down. Aluminum is a late cycle metal, it has lagged nickel and copper, but it and zinc are now starting to catch up.

BUY

Likes this one right now. Sold off and gave investors an opportunity to buy. A good quality metal play.

BUY ON WEAKNESS

In this materials type of market, you would expect it to perform a lot better than it has. Very positive on materials. On his watch list. The time is coming for it to start showing better results.

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BUY

The price of aluminum is going up. It is at record levels and he thinks the Chinese have not been as active exporting as it was thought they might be. This stock has room to run.

BUY

Aluminum metal has lagged. It has a better cost structure, lower cost input then Alcoa.

BUY

Hasn't been one of his favourites. Should be a good long-term hold and it's on his list. Would be good for a longer term investor.

TOP PICK

The problem with this company has been China which had continued exporting aluminum. The Chinese government has taken recent steps to shut down production and as a result, the price of aluminum has risen. Thinks that will continue. Trades at about 11 X next year's earnings.

BUY

Looking a lot better than it did two months ago. Should go back over $50.

BUY ON WEAKNESS

Has gone through a big problem with its merger. Very often when you have an acquisition, people get disturbed and discard stocks that are actually very good. This one is in the resource area and is a good stock. There will probably be resistance at $50. A pullback to $42/43 would be a good buying opportunity.

BUY

Resource stocks have gone through the roof in the last year but this one isn’t even were it was at the beginning of the year. Starting to warm up to it now. Has lagged because power costs have gone up and aluminum prices have not done all that well.

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Alcan Aluminum (AL.TO)