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.
The last thing that a smart acquirer does is change a company that's successful.
It's a lot easier for an international company to operate out of New York City than Pittsburgh.
It doesn't matter if it's a strike or lockout, if you don't have the product, they could lose customers long term.
They were reasonable, (considering) they were hit by a lot of things beyond their control.
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.
I can't recall, in the 40 years I've been following the steel industry, ever seeing a bid that was raised after already winning.
In this day and age, nothing is impossible.
If you're a local union, that's your only revenue. I bet if the United Steelworkers were in there, this would be settled.
There are a lot more (deals) to do.
