Precision Castparts Corp
Aluminum Companies’ Valuation: Key Investor Takeaways
Alcoa’s (AA) valuation has fallen over the last year. Currently, it trades at a discount to its five-year average. The valuation fell for a reason.
Why Profit Margins Vary across the Aluminum Value Chain
The profit margins vary across the aluminum value chain. Upstream aluminum producers’ earnings depend on their position on the cost curve.
What to Expect from Berkshire Hathaway’s Earnings
Berkshire Hathaway (BRK-B) is expected to post EPS (earnings per share) of $2,829 per share in 4Q16 and $2,880 in 1Q17.
Berkshire Is Expected to Post Strong Earnings in 1Q16
Berkshire Hathaway’s stock has risen by 9% over the past month. In comparison, SPY has risen by 7% over the past month.
US Aluminum Premiums Could Remain Stable in 2016
While capacity cuts by US smelters might not have an impact on aluminum prices, cuts could support aluminum premiums. Aluminum premiums are more regional.
Alcoa’s Downstream Business Is Thriving: What about Upstream?
Alcoa’s upstream business has been gaining strength. It also has a downstream business, which produces alumina and primary aluminum.
No Surprises in Alcoa’s Post-Separation Management Structure
On November 24, Alcoa announced the executive management structure to be introduced following its split.
Elliott Management Bet on Value Creation after Alcoa’s Split
In its SEC regulatory filing disclosing its stake in Alcoa (AA), Elliott Management noted that it found Alcoa “dramatically undervalued by the public market.”
Elliott Management Found Value in Alcoa
Elliott Management is not the only company finding value in the beleaguered commodity space. In August, Carl Icahn disclosed his 8.5% stake in Freeport-McMoRan.
Alcoa’s Split: How Will the Value-Add Company Look?
In this part, we’ll explore the value-add company’s structure. The company will have three business segments, as you can see in the graph below.
Alcoa Sees Strong End User Demand in 1Q15
April has been a mixed bag for the aluminum industry. End user demand continues to be strong, at least in Alcoa’s core markets of North America and Europe.
Aluminum Inventories Continue Downward Journey in April
As of April 10, aluminum inventories with LME registered warehouses stood at 3.9 metric tonnes, a year-to-date decline of 7.5%.
Constellium’s Aerospace Segment: What Are Its Challenges?
In the third quarter, Constellium warned that its Aerospace and Transportation, or A&T, segment’s profits could come down.
What Are Constellium’s Major Operations?
Constellium is engaged in the aluminum fabrication business. Its fourth quarter earnings were a positive surprise for the markets.
Constellium’s Shipments Rose, But Its Profits Decreased in 4Q14
While Constellium’s shipments increased in the fourth quarter, its profits decreased. Its fourth quarter EBITDA came down by 14% on a YoY basis.
How RTI International Metals fits into Alcoa’s aerospace strategy
Alcoa has announced the acquisition of RTI International Metals (RTI). RTI will enhance Alcoa’s portfolio of titanium offerings.
Viking Global Investors increases stakes in Allergan
Allergan’s total product sales were $1.79 billion, up 17.2% as compared to total product sales in 3Q13.
Viking Global Investors sells position in Constellation Brands
Viking Global Investors sold its position in Constellation Brands (CAM) in 3Q14. The position accounted for 1.27% of Viking’s 2Q portfolio.