In addition to inventing the modern-day aluminum industry, Alcoa innovation has been behind all major milestones in the aerospace, packaging, automotive, building and construction, commercial transportation, consumer electronics and industrial markets for more than 120 years.
My take? Alcoa is going to run to the mid 20s within the next year and increase their dividend many times over the next few decades. Alcoa is rebuilding and expanding in developing nations. They continue to move up and on ward. As the economy recovers, Alcoa will be well positioned. Currently, 64% of shares are held by institutions. Like other metal stocks, AA tends to be volatile. This is an ignored company; highly valuable and ready for turnaround! If your looking for income then there is no better place to invest than in aluminum! AA is currently paying only $0.03 per share, it is a solid, reliable dividend. With increased sales of light weight hybrid vehicles, their Chinese expansion and the United States addiction to aluminum I must advise you to invest as much dinero as you can on Monday. Hold this cash cow for life! Alcoa has been around for decades and your Roth IRA portfolio will thank me later.
Click here to visit Alcoa's homepage, and here to visit their Investor Relations site. Watch these entertaining videos below. Not much has changed since 1970!
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