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Opinions Ross Healy
Novelis Inc. (bought by Hindalco an Indian based compaNVL.TODON'T BUYFeb 04, 2005
He valued the break out stock and it's very expensive. At about 3.5 X Book Value which is a lot of money for a cyclical stock.
$28.07
Stock price when the opinion was issued
metal fabricators
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TOP PICK
A stock that's not that well understood. Covered primarily by mining analysts as it was a spinoff from Alcan (AL-T). Not really a mining company and has no commodity price risk. Basically a manufacturing company. Just announced they are going to be adding a freight rider increase on their pricing.
Bill MacLachlanOwned
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BUY
BUY
Acquired stock when Alcan (AL-T) spun this off and will be buying more of it. A world leader in the aluminum package goods area.
Peter BriegerOwned
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DON'T BUY
Sold their position shortly after the spinout. Had owned Alcan as a play on the aluminum commodity and weren't interested in the rolled product business. A good business, but the debt levels looked fairly high. Valuation looks attractive. Will probably be bit of an orphan stock in regards to street coverage.
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HOLD
Feels the initial reaction has been quite negative. A little bit levered and the balance sheet is a little bit worse than she would normally invest in. Yield is good. I f you continue to hold for the next 6/9 months, you'll probably recieve a better price for it.
Laura WallaceOwned
metal fabricators
