Charles Bradford
Charles Bradford
city company easier operate york
It's a lot easier for an international company to operate out of New York City than Pittsburgh.
generally percent
It's generally pretty vague. It could be 10 percent or more, but 10 percent or more of what?
beyond hit
They were reasonable, (considering) they were hit by a lot of things beyond their control.
attractive company
It's a nonunion company that has been consistently profitable. That's always attractive in the industry.
last prices reflected several stock strong weeks
Aluminum prices have been very strong for the last several weeks and Alcoa's stock hasn't reflected it as well as it usually does. It's a catch-up.
gone
That's why nobody's gone after them in the past.
costs higher market means money prices scrap strong
You would think that with their costs going up and prices going up, you wouldn't make much more money or would do a little worse, ... But in reality, there has been a very, very strong correlation: The higher the scrap goes, the more money they make. It just means the market is better overall.
came number
I thought the number that came out wasn't too bad.
change
I thought the change in CFO was unexpected.
appear business core metals
It is an extraneous business that Reynolds Metals had. It does not appear to be a core business,
concerned family owns
If the family owns 88 percent, you need to be concerned about who they are working for, the shareholders or themselves.
change company last smart
The last thing that a smart acquirer does is change a company that's successful.
company metal price reasonable shows surprises
They look terrific. The metal price is the key, and there wasn't any surprises in other areas. It shows you what the company can do in a reasonable environment.
bet local united
If you're a local union, that's your only revenue. I bet if the United Steelworkers were in there, this would be settled.