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Bill MacLachlan Novelis Inc. (bought by Hindalco an Indian based compa NVL-T TOP PICK 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.

Bill MacLachlan

Owned

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$23.150

Stock price when the opinion was issued

metal fabricators

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DON'T BUY

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.

BUY

Likes this along with Alcan (AL-T).

TRADE

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.

PAST TOP PICK

(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.

DON'T BUY

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.

DON'T BUY

Not bullish on global economic prospects.

HOLD

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.

SELL

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.

BUY

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.

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Bill MacLachlan Novelis Inc. (bought by Hindalco an Indian based compa NVL-T TOP PICK Nov 04, 2005

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