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5 Signs You're Getting Robbed at the HospitalAlcoa's packaging / consumer unit generated about $3.2 billion in revenue and $95 million in after-tax operating income in 2006, or about 3% of operating income, the company said.
Alcoa said it's also seeking to sell its Reynolds Wrap, consumer products, flexible packaging, and plastic / aluminum packaging closure units in order to more fully concentrate on its mining / aluminum production business.
Stock Analysis: Alcoa, which has been the subject of seemingly continual takeover talk, says the Rank transaction furthers its goal of concentrating on its core business. The proof will be AA's Q4 2007 and 2008 earnings, and until it consistently exceeds EPS consensus estimates -- the Reuters F2007/F2008 EPS estimates for AA are $2.64/$3.09 -- it remains in yours truly's Don't Buy category.
DISCLOSURE: Joseph Lazzaro has no positions in stocks. In addition to private real estate holdings, he owns corporate and municipal bonds and cash certificates of deposit.
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Reader Comments (Page 1 of 1)
12-27-2007 @ 7:42PM
t Operhall said...
The aircraft group of Alcoa clearlyis not in the core business's of the company. Alcoa is devesting themselves of busines's to concerntrate on its Aluminum base It is rarely reports in the media that it holds divisions that are world class operations. Specificaly the Investment casting operations of Howmet are a real jewel and competes with PCP in all their markets and is not recognized for its value. This group should be spun off to its shareholders or sold where it can command a market cap equivalent to its competitor