Alcoa Inc. close facilities for the production of aluminum in Washington, New York and Texas, in order to reduce costs. According to Bloomberg it will be laid off 1,500 jobs.
For the period July - September 2015 Alcoa was $ 44 million net profit, 3.2 times less than Q2 and 3.3 times lower than Q3 2014. Revenue also declined from the previous quarter, and the total volume of production.
The most logical is down trend to continue, after adjustment with higher volatility.
Medium-term should be borne in mind that the forthcoming reorganization and division of the company to two independent (in the second half of 2016). The new activities will concentrate on innovative high-tech composition metals and it will provide an opportunity for high-risk investors.
AA [NYSE] Basic Materials | Aluminum | USA (Index-S & P 500) Price = $ 9.17 at Month Volatility = 3,99%; Beta = 1.22; 52W Range = 7.97 / 17.62.
G.Hristov / Head of Fundamental Analyzes
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