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Выбор редакции
15 сентября, 20:45

Alcoa (AA): Strong Industry, Solid Earnings Estimate Revisions

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Alcoa (AA) could be an interesting play for investors as it is seeing solid earnings estimate revision in addition to having a robust industry rank.

15 сентября, 17:39

New Strong Buy Stocks for September 15th

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New Strong Buy Stocks for September 15th

Выбор редакции
15 сентября, 13:06

Zacks Earnings Trends Highlights: Alcoa and Oracle

Zacks Earnings Trends Highlights: Alcoa and Oracle

14 сентября, 22:46

Looking Ahead to the Start of the Q3 Earnings Season

Looking Ahead to the Start of the Q3 Earnings Season

14 сентября, 22:42

Looking Ahead to the Start of the Q3 Earnings Season

Looking Ahead to the Start of the Q3 Earnings Season

Выбор редакции
11 сентября, 15:48

New Strong Buy Stocks for September 11th

New Strong Buy Stocks for September 11th

30 июня, 00:07

Taking Stock of the Earnings Picture

Taking Stock of the Earnings Picture

29 июня, 23:21

Taking Stock of the Earnings Picture

Taking Stock of the Earnings Picture

Выбор редакции
29 июня, 17:48

Aid for trade: America’s programme to help trade’s losers needs fixing

Print section Print Rubric:  America’s programme to help trade’s losers could do with a fix Print Headline:  Aid for trade Print Fly Title:  Trade-adjustment policies UK Only Article:  standard article Issue:  Trump’s Washington is paralysed Fly Title:  Aid for trade Location:  EVANSVILLE, INDIANA Main image:  Alas, poor Warrick Alas, poor Warrick BRIAN AUNSPACH thought he had a job for life. After six years at a smelter owned by Alcoa, America’s largest aluminium company, his work was hard but the benefits decent. Warning signs came with crashing aluminium prices in the summer of 2015 and murmurings about unfair Chinese competition. Then reality hit: in January 2016 Alcoa announced the smelter’s closure. Around 600 people lost their jobs. The events of 2016, from Brexit to Donald Trump’s ...

29 июня, 17:48

Aid for trade: America’s programme to help trade’s losers needs fixing

Print section Print Rubric:  America’s programme to help trade’s losers could do with a fix Print Headline:  Aid for trade Print Fly Title:  Trade-adjustment policies UK Only Article:  standard article Issue:  Trump’s Washington is paralysed Fly Title:  Aid for trade Location:  EVANSVILLE, INDIANA Main image:  Alas, poor Warrick Alas, poor Warrick BRIAN AUNSPACH thought he had a job for life. After six years at a smelter owned by Alcoa, America’s largest aluminium company, his work was hard but the benefits decent. Warning signs came with crashing aluminium prices in the summer of 2015 and murmurings about unfair Chinese competition. Then reality hit: in January 2016 Alcoa announced the smelter’s closure. Around 600 people lost their jobs. The events of 2016, from Brexit to Donald Trump’s ...

28 июня, 23:37

Rosen Slams Canadian Accountants: “Investors Are Being Swindled"

Contributed by Sprott Money Bill Morneau was one of the country’s top pension fund management professionals before he went into government. But when Canada’s Minister of Finance recently addressed Concordia University business students, not one asked about the country’s $4 trillion national debt, much of which is pension-related. That’s not surprising – because, as the Fraser Institute notes, nearly three quarters of those debts are not included in the federal and provincial  governments’ financial statements. So Canadians have no clue how bad the country’s true financial situation is. This lax reporting is spread throughout the system, including public companies, says one expert. “Investors are being systematically swindled out of large amounts of retirement savings,” says Al Rosen, a forensic accountant and co-author of Easy Prey Investors, a recently-released book that details shortfalls of Canada’s lax reporting standards. Accounting scandals abound “Investors mistakenly believe that their pension plans, mutual funds and other investments are safeguarded,” says Rosen. “In fact they are suffering losses that are monumental, compared to individual publicized scams.” A key challenge says Rosen relates to Canada’s use of International Financial Reporting Standards, which “assign excessive power and choice to corporate management, providing them the ability to inflate corporate profits.” Rosen cites a range of accounting scandals including Valeant, Nortel and Sino-Forest as examples of Canadian laxness. (In one famous fraud case, Bre-X, auditors couldn’t be bothered to check if the company’s gold mine, it’s only major asset, actually existed. External accountants instead essentially relied on a manager’s claim that he had “found gold” in the core samples he presented to a valuation firm, when they signed off on the statements). Bucephalous: creative pension assumptions Those problems aren’t restricted to Canada says Robert Medd, president of Bucephalus Research Partnership, which has produced research regarding “creative accounting” at Alcoa, Raytheon, UPS and a slew of other global businesses. “Pension deficits continue to grow,” says Medd. “Investors have yet to focus on the detailed assumptions used by managements and how they might affect pensions’ solvency, valuations and corporate strategies.” Medd says that assumptions about life expectancies, obligation discount rates and forecast returns are key areas that management can adjust to (legally) underfund corporate pension plans and thus boost company earnings. “In many cases, pension discount rates and forecast returns have fallen, but nowhere near enough,” says Medd. Medd cites lax independent auditors as enablers of the inconsistencies. “Given the small number of audit firms, actuarial tables and regulations, one would assume that the assumptions used would be similar,” says Medd. “However there are some startling outliers (and) expected returns have stayed high. Aggressive pension accounting strategies work particularly well because they enable managers and auditors to boost short-term fees and bonuses, and to simultaneously get out of dodge before the pension obligations become due. Accounting lobby shields profession from litigation According to Rosen the 1997 Hercules Supreme Court of Canada decision essentially handed widespread legal immunity to financial statement auditors who approved misleading reports. “In essence, investors are being told that they should not be using audited annual financial statements for their investment decisions.” The situation is roughly similar to that in the United States where provisions in the Private Securities Litigation Act, which was enacted under heavy pressure from the quiet, but exceptionally powerful accounting lobby, also make it very hard to sue auditors. (In recent years a spate of lawsuits against US auditors are attempting to reestablish a balance). Because Canadian accountants are a self-regulating profession, additional blame lies with the regulators says Rosen, but they too have been asleep at the switch. “(Canadian) Securities commissions (have) maintained their well- established practice of rarely investigating financial statement manipulations, deferring auditors to determine what is appropriate,” says Rosen. “As a result securities prosecutions have been uncommon, convictions rare, and penalties trivial.” Morneau sets the (creative accounting) standard  Finance Minister Bill Morneau, when asked by an Alt-Fin writer about Canada’s accounting practices, following the Concordia event, defended the government’s position by pointing out that similar practices are in place in other major economies. (One estimate of unfunded liabilities in the United States runs to more than $200 trillion). In all fairness, Morneau inherited many of Canada’s shifty accounting procedures from the Conservative Harper Government, when the Liberals took power in 2015.That said, Morneau’s expertise on this issue and his position in government, make him a natural leader on this issue. By continuing to play along with those old practices, Canada’s Finance Minister is signaling to his Cabinet colleagues and to Canadian businesses that it is OK to cook the books. Until that changes: investors had better watch out.

26 июня, 19:51

Arconic Reportedly Supplied Flammable Panels to Grenfell Tower, Shares Slide

On Monday, shares of U.S.-based aluminum provider Arconic Inc. (ARNC) are sliding, down about 6% in morning trading after a Reuters report alleged the company knowingly supplied flammable aluminum panels for use at London's Grenfell Tower, the public housing structure that recently burned down.

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26 июня, 18:23

Company curbs sale of panels used on burned London high-rise

Arconic, the metal products maker that was once part of Alcoa Inc., said Monday it will stop selling one type of aluminum composite paneling for use on high-rise buildings after speculation that the material contributed to the spread of a deadly fire at a London apartment tower.

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24 июня, 10:15

Алюминиевые гиганты перестали поддерживать трамповские меры по ограничению импорта

Alcoa Corp. призвала США напрямую взаимодействовать с Китаем, чтобы не допустить распространения перепроизводства во всем мире.(https://metals-expert.com...)

22 июня, 12:45

Will Earnings Growth Continue in Q2?

Will Earnings Growth Continue in Q2?

22 июня, 02:33

Will Earnings Growth Continue in Q2?

Will Earnings Growth Continue in Q2?

Выбор редакции
29 мая, 15:28

What's in the Offing for Palo Alto (PANW) in Q3 Earnings?

Palo Alto Networks Inc. (PANW) is set to report third-quarter fiscal 2017 results on May 31.

Выбор редакции
22 мая, 15:43

До начала регулярной сессии поступили сообщения о присвоении рейтингов акциям следующих компаний

Аналитики Clarksons Platou присвоили акциям Alcoa (AA) рейтинг Buy ------------------------------------------------------------- Воспользоваться сервисом "Рейтинги акций" TeleTrade можно, заполнив форму на одноименной странице нашего сайта или в Личном кабинете трейдера в разделе "Аналитика" (для подключения услуги необходимо связаться со своим менеджером).Источник: FxTeam

19 мая 2015, 23:59

США обвинили граждан КНР в краже секретов и шпионаже

Американские власти предъявили обвинения группе граждан Китая в экономическом шпионаже и краже секретов, представляющих коммерческую тайну.

Выбор редакции
10 октября 2012, 02:46

Отчет Alcoa за Q3 2012

Результаты на редкость мерзкие. Минус 142 млн за квартал. Это первый квартальный убыток за всю современную историю существования компании, если считать период с июля по сентябрь. Даже в 2008-2009 годах в Q3 была прибыль. Они говорят, что убыток из-за каких то там судебных издержек и при урегулировании экологических проблем в реке Грасс. Но мы то знаем, что все значительно хуже, чем они пытаются изобразить? ))Какие то 100-120 млн дополнительных издержек ничего не меняют в общей картине, которая наиболее удручающая. В лучшие времена компания имела до 2.5 млрд чистой прибыли в год, сейчас же убытки на 242 млн за последние 12 месяцев.Доходы упали на 9.5% к прошлому году.Сейчас на уровнях 10 летней давности. Они нам говорят, что это из-за падения цен на металл на 17%? Ну да, конечно )) Производство алюминия упало на 2% к прошлому году, хотя раньше в докризисный период давали темпы прироста в 20-25% годовых.Активы перестали расти, собственный капитал сокращается, инвестиции практически не производят. Раньше капитальные инвестиции составляли по 3.6 млрд долл в год, а сейчас немногим больше 1 млрд. В 3 раза упали.  Если дальше отчеты пойдут в стиле Alcoa, то мне станет страшно за американскую и мировую экономику ))alcoa Что ж, сезон отчетностей пока начали с фальстарта. Посмотрим, что будет дальше. Я практически уверен, что ничего хорошего. Прибыль и выручка должны быть ниже уровней сентября 2011. Таким образом, мы входим в рецессию.