Monday, May 10, 2010

Is Alcoa (NYSE:AA) Underpriced?

Alcoa (NYSE:AA) seems like an underperformer, and the drop in price doesn't seem to be warranted in light of the guidance of the company from its last quarterly report.

While the company noted that its aluminum will drop in demand in 2010 in some industries, in others like automotive, expectations are it'll rise, as well as around the world.

Alcoa seems like a bargain, and its price weakness should be good news for those who believe demand will increase and the company will put up decent numbers.

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