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BLX 0.57ELF.TO 0.09RY.TO 3.05PEY.TO 0.26CP.TO -0.12BRK.B -0.57MSFT -5.93META 6.73
Daily Stock Opinions and Ratings
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Michael SprungNovelis Inc. (bought by Hindalco an Indian based compaNVL.TOHOLDOct 11, 2005

This was spun out from Alcan (AL-T) a while and the market just hasn't warmed up to it and yet they're not in a bad business. Have good operations in North America and Europe. If he's right on the future of materials, this should do quite well going forward.
Michael SprungMichael Sprung
No
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$23.97

Stock price when the opinion was issued

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BUY

Novelis Inc. (bought by Hindalco an Indian based compa(NVL.TO)

Feb 13, 2007
A lot of takeover speculation on this. When you look at the assets and the depth of the company, you can start to get some pretty big numbers.
Photo of Robert FloydRobert FloydUnlock Rating
$51.15

Stock price when the opinion was issued

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SELL

Novelis Inc. (bought by Hindalco an Indian based compa(NVL.TO)

Dec 21, 2005
Hasn't found a bottom yet. A lot of people are jettisoning this position on tax loss selling. Only has one estimate, so take his comments with a grain of salt. His model price is right around the current price.
Photo of Brian Acker, CABrian Acker, CA
No
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$19.38

Stock price when the opinion was issued

metal fabricators
TOP PICK

Novelis Inc. (bought by Hindalco an Indian based compa(NVL.TO)

Nov 04, 2005
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.
Photo of Bill MacLachlanBill MacLachlan
Owned
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$23.15

Stock price when the opinion was issued

metal fabricators
DON'T BUY

Novelis Inc. (bought by Hindalco an Indian based compa(NVL.TO)

Sep 29, 2005
Not bullish on global economic prospects.
Photo of John ZechnerJohn Zechner
No
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$24.84

Stock price when the opinion was issued

metal fabricators
DON'T BUY

Novelis Inc. (bought by Hindalco an Indian based compa(NVL.TO)

Aug 25, 2005
When you get bad news in the market, it can generally stay for some time. Shareholders that got in at higher prices are looking for their price in order to exit.
Photo of David BurrowsDavid Burrows
No
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$28.24

Stock price when the opinion was issued

metal fabricators
PAST TOP PICK

Novelis Inc. (bought by Hindalco an Indian based compa(NVL.TO)

Aug 11, 2005
(A Top Pick Feb 9.05. Down 3.5%.) Had some caps in their contracts as to how much of the aluminum price they could pass on. That is a major concern.
Photo of Gordon Higgins, CA, MBAGordon Higgins, CA, MBA
Owned
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$27.89

Stock price when the opinion was issued

metal fabricators
TRADE

Novelis Inc. (bought by Hindalco an Indian based compa(NVL.TO)

Jul 14, 2005
The manufacturing can side of aluminum. A spin off from Alcan (AL-T). Less cyclical so would prefer this one at today's prices. However, Alcan has some recovery coming, so would prefer it now.
Photo of Bruce Campbell (1)Bruce Campbell (1)Unlock Rating
$32.95

Stock price when the opinion was issued

metal fabricators
BUY

Novelis Inc. (bought by Hindalco an Indian based compa(NVL.TO)

Apr 18, 2005
Likes this along with Alcan (AL-T).
Photo of Pierre BernardPierre Bernard
Owned
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$26.88

Stock price when the opinion was issued

metal fabricators
DON'T BUY

Novelis Inc. (bought by Hindalco an Indian based compa(NVL.TO)

Mar 29, 2005
Q: Preference between Alcan (AL-T) and this company? A: Prefers the metal producer Alcan over the packager. Alcan, relying on aluminum prices, can be more volatile, but he's a believer in aluminum prices.
Photo of David BaskinDavid Baskin
No
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$26.15

Stock price when the opinion was issued

metal fabricators
BUY

Novelis Inc. (bought by Hindalco an Indian based compa(NVL.TO)

Feb 11, 2005
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.
Photo of Peter BriegerPeter Brieger
Owned
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$29.06

Stock price when the opinion was issued

metal fabricators
TOP PICK

Novelis Inc. (bought by Hindalco an Indian based compa(NVL.TO)

Feb 09, 2005
Cash flow before capital expenditures relative to debt is 4 X cash flow. Taking away capital expenditures, interest and taxes, free cash flow is over $200 million a year. Trading at 13 X earnings while its peers are at 15/16 X earnings.
Photo of Gordon Higgins, CA, MBAGordon Higgins, CA, MBA
Owned
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$28.41

Stock price when the opinion was issued

metal fabricators
DON'T BUY

Novelis Inc. (bought by Hindalco an Indian based compa(NVL.TO)

Feb 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.
Photo of Ross HealyRoss Healy
No
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$28.07

Stock price when the opinion was issued

metal fabricators
DON'T BUY

Novelis Inc. (bought by Hindalco an Indian based compa(NVL.TO)

Feb 01, 2005
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.
Photo of Mark Jackson, CFAMark Jackson, CFA
No
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$28.45

Stock price when the opinion was issued

metal fabricators
HOLD

Novelis Inc. (bought by Hindalco an Indian based compa(NVL.TO)

Jan 31, 2005
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.
Photo of Laura WallaceLaura Wallace
Owned
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$27.67

Stock price when the opinion was issued

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