Here’s the link to go visit the SinkingAlpha transcript of Alcoa’s (AA) Conference Call from last night and it is well worth your time to read every word from the brass at AA. It is always a mistake (repeat always a mistake) to read about conference calls from a media report, as getting the information filtered through another person’s brain (and as we’re talking about finance reporters I use the word ‘brain’ in its figurative sense) defeats the whole object of a CC.
Reading the AA transcript will take you 10 or 15 minutes, but it is well worth it. You will learn much more from taking time and hearing it from the horse’s mouth than reading any words I or any other will throw at you. Go read it now, metalshead.