Charles Bradford
Charles Bradford
change company last smart
The last thing that a smart acquirer does is change a company that's successful.
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.
best companies histories industry last prior quarter terrible third year
Last year's third quarter was the best the industry ever had. There were companies who made as much in a year in their prior histories as they made that quarter, ... This is going to be a - terrible third quarter.
buy china last places
China may be one of the last places where you can buy things on the cheap.
customers lose matter strike
It doesn't matter if it's a strike or lockout, if you don't have the product, they could lose customers long term.
appear business core metals
It is an extraneous business that Reynolds Metals had. It does not appear to be a core business,
close earnings expect reported
We now expect second-quarter earnings to be very close to that reported to the first quarter.
came cost higher metal prices prior problems shows
Metal prices really came through and they didn't have any of the cost problems they had in prior quarters. It shows what higher metal prices can do.
came number
I thought the number that came out wasn't too bad.
change
I thought the change in CFO was unexpected.
generally percent
It's generally pretty vague. It could be 10 percent or more, but 10 percent or more of what?
absolutely sounds
It sounds like the knockout bid, it absolutely does.
beyond hit
They were reasonable, (considering) they were hit by a lot of things beyond their control.
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.