Investopedia: For Alcoa, It Can Still Get Worse Before It Gets Better

Alcoa (NYSE: AA) management must feel like they're running on a treadmill or swimming in a flume. No matter the progress that the company makes with productivity or improved downstream operations, it feels as though ongoing global supply growth strips away the advantageous. So, although Alcoa continues to look underpriced, the brutal competition in this market makes it a hard stock to recommend to investors

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