STOCKCHASE

(A Top Pick Feb 15/07. Up 52%.) Chose it because it was a takeover target. It was acquired last fall.

2008-03-13

PAST TOP PICK

97.010

(Top pick Nov 14/06. Up 80%)

2007-10-26

VAGUE

98.310

There is a takeover bid in play. (caller asked how) To sell your shares, you can tender your shares, (call your broker), or sell on the market. Recommends tendering.

2007-10-15

PAST TOP PICK

104.250

(Past Top Pick Oct 18/06. Up 115%.) Being acquired and trading very close to the takeover price, so he sold his holdings.

2007-08-31

HOLD

87.400

Bob Stodgell

If you're a short term trader, you've made an excellent return, take some profits. If you are a long term investor, hold.

2007-06-11

Comment

88.500

Has been a long term favorite of hers. Has just had a big pop, and they sold some.Expects the company to go higher.They've maintained a conservative balance sheet.

2007-06-08

HOLD

93.190

Early on in the process of a bidding war. If you own, continue to hold. Main risk is a Pac Man defence where Alcan tries to buy Alcoa (AA-N). You might lock in a bit of profit at this point.

2007-05-30

PAST TOP PICK

92.500

(A Top Pick June 19/06. Up 92.5%.) Take some of your money off the table.

2007-05-23

SELL

88.550

Stock had a good top because of the offer from Alcoa (AA-N). Whatever happens to the price of aluminum in the near term will not be based on fundamentals. A lot of variables are going on, so there is no assurance the stock will go higher. If you own, take some partial profits.

2007-05-18

BUY

89.310

David Burrows

In the case ALcan and BCE there are various parties who are interested, and there isn't much downside. Could go a fair bit higher, if other players come in.

2007-05-16

BUY

87.990

Ian Nakamoto

Alcoa (AA-N) is trying to acquire them. Feels the whole aluminum industry is going to turn out quite well. Lower operating costs.

2007-05-14

PAST TOP PICK

66.520

(A Top Pick May 23/06. Up 23.2%.) Long-term there is a great demand for aluminum. Could be a takeover candidate.

2007-04-27

BUY

61.850

You always want to trade Alcan. This is a hard one to “buy and hold”. His model price is $73.14. That's an 18% positive differential.

2007-04-12

DON'T BUY

60.500

Getting closer to the end of the cycle in commodities. Would be a little cautious on aluminum. Some speculation on consolidations, but doesn't expect there will be a lot more money made on this stock.

2007-04-02

TOP PICK

61.060

Ian Nakamoto

This is a value play. Generating a lot of free cash flow. They tend to buy back stocks or increase dividends. A world-class company.

2007-03-29

BUY

61.680

Neil Wickham

One of his current favourite stocks. In the metals sector which has been very strong, and which he expects to continue. Great balance sheet and cash flow. Have a big new plant opening in Asia.

2007-03-20

PAST TOP PICK

60.490

(A Top Pick Nov 14/06. Up 12.5%.) Had a spike up to $65 and he took some profits at that time.

2007-03-16

PAST TOP PICK

60.750

(A Top Pick Jan 31/07. Up 1%.) Aluminum looks very strong on a secular basis. One of a few metals that is seeing increasing consumption. Has a very strong cost advantage.

2007-03-14

BUY

64.150

Michael Decter

An extremely well run company. Feels there will be substitution of aluminum for other heavier metals.

2007-02-26

BUY

64.150

Michael Decter

An extremely well run company. Feels there will be substitution of aluminum for other heavier metals.

2007-02-26

HOLD

62.600

Michael Smedley

Feels it will go higher with the persistent rumours that it is going to be taken out.

2007-02-22

PAST TOP PICK

64.090

(A Top Pick Nov 14/06. Up 16.1%.) Rumours of a takeover have pushed the price up and he has taken some profit on this. Doesn't believe it will be acquired.

2007-02-20

TOP PICK

64.080

A low-cost producer because of its contracts with Hydro utilities. Diversified globally. Very good management. Could be a takeover target.

2007-02-15

SELL

63.380

Stephen Carlin

There are acquisition rumours, but he doesn't think this will happen. If you own, take profits.

2007-02-14

DON'T BUY

59.900

Veronika Hirsch

Not one of her favourite companies. Doesn't expect them to be acquired.

2007-02-07

TOP PICK

59.990

Generating well over $1 billion in free cash flow. Aluminum is one of the few metals that have some good organic growth. Major beneficiary of the growth in China. Earnings where a tad disappointing today, but they should continue to generate great earnings.

2007-01-31

BUY

59.940

Peter Gibson

US economy is gradually slowing. Also, does not believe China's growth will slow this year. China's lack of ability to produce aluminum is probably due to hydro shortage. Would not be surprised to see base metals go up. Likes the fundamentals on this company. Looks inexpensive.

2007-01-30

BUY

57.390

He has a model price of $69.52, which is a positive differential of 21%.

2007-01-17

DON'T BUY

52.600

Aluminum was a lagging commodity, but has done well of late. Expect they will come off a bit at this point.

2007-01-09

PAST TOP PICK

52.490

(A Top Pick Oct 18/06. Up 8.9%.) Likes the longer-term demand for aluminum. One of the few material stocks that could do very well.

2007-01-05

BUY

54.350

Was buying this today at $53.60. The outlook for aluminum looks better because the Chinese look like they are going to swing from being a net exporter to a net importer. Way less than 10 X cash flow and a cheap valuation.

2006-12-21

DON'T BUY

54.950

Not a big fan of aluminum. The price of this commodity hasn’t been one of the market leaders. Also a commodity that is produced in excess in China.

2006-12-20

TOP PICK

58.680

Has been ignored in the metals area, but they’ve done some very positive things. Have an energy agreement for a long-term source of energy in South Africa for a large smelter. Earnings could be going up from $5 through $8 in the next couple of years.

2006-12-08

BUY

56.980

Bill Carrigan

Has been in a trading range for a while and is now coming off the lower part of the trading range. Will probably advance to the upper end of the trading band and probably break out.

2006-12-06

Comment

54.770

There’s lots of capacity coming on board. Energy costs affect them a great deal.

2006-11-30

BUY

55.400

Sells at about 5.5 X next year's cash flow, which is reasonable value. Given the scarcity of good metal stocks in Canada, this is one he would buy.

2006-11-29

TOP PICK

55.400

(A Top Pick June 26/06. Up 8.7%.) Hasn't been a lot of interest in aluminum.

2006-11-29

BUY

54.180

Has been a laggard, but is moving up nicely. Outlook for aluminum looks decent.

2006-11-15

TOP PICK

54.330

Just announced an amazing 3rd quarter. Expects aluminum prices will be going up 5%-6% and demand is expected to go 6%-7% next year. Good price.

2006-11-14

Comment

52.670

They have been hurt by aluminum prices coming off. Electricity prices were not as strong this summer, which helped the stock price go up. Have decent demand, not great demand. A takeover candidate at some point.

2006-10-31

BUY

48.500

David Cockfield

Have gone through some reorganization. Good company. Slimmed down their operations. Anything under $50 is a Buy range.

2006-10-26

DON'T BUY

48.700

Chris Smith

Has been a disappointment in the last few months. A great company to own longer-term. Very conservatively run. There is no scarcity of aluminum, and the price of power in Asia can be quite cheap. Doesn't see a lot of movement from here.

2006-10-25

PAST TOP PICK

48.900

(A top Pick June 26/06. Down 3.5%.) Still likes. Really run by the aluminum price. Feels that aluminum will go higher.

2006-10-24

BUY

48.900

A very conservatively managed mining company. Strong balance sheet. Has global scale. Aluminum has a higher natural demand than some of the other commodities. Trading at about 7.5 X earnings, so it's cheap.

2006-10-24

TOP PICK

48.300

Nickel and copper has been getting a lot of the attention. Big merger in Russia will replace this company as the 2nd largest producer. Increasing production.

2006-10-18

BUY on WEAKNESS

47.750

Gordon Higgins, CA, MBA, CFA

Model price is $63. A positive 31% differential. This would be a great buy at $44.60.

2006-10-17

BUY

46.170

Even with aluminium prices down over the last quarter, this company is trading at 8 X estimated next year’s earnings. Own a lot of the bauxite. Very cheap power contracts.

2006-10-12

HOLD

46.050

This stock is tied in with the price of aluminium and, like all metals, it has come down quite a bit. It's probably due for a rally and would use that as an exit.

2006-10-10

BUY

43.920

A lot of their issues from the operational side have been solved. Highly leveraged to the smelting side. People are expecting the consumer's product business to be sold. Recently had a share buyback.

2006-10-04

BUY

44.160

It is a good buy at this price. He is a long time holder of this stock.

2006-09-28

SELL

44.280

Aluminum prices have fallen. They may bounce back. This is a good time to reduce your holdings.

2006-09-27

BUY

43.900

Involved in large merger in 2004-2005 and was highly leveraged for this. They may get rid of some of their products. maybe puce competion. Looks interesting for long term. Very focused company.

2006-09-26

WAIT

44.490

Robert Floyd

A little expensive. With the seasonal pullback, would wait for a while.

2006-09-20

BUY

45.150

There are a lot of good fundamentals in the aluminum industry. Earnings this year could be over $7 and possibly in the $8’s next year.

2006-09-19

DON'T BUY

47.190

David Burrows

Peaked at about $64 in May and pulled back into the mid-$40. Only able to get back to about $54 in the summer rally and that rally failed. Market is telling us that it doesn't believe the earnings are sustainable.

2006-09-13

BUY

47.100

Rob Callander

This is a stock that you can hold for the long-term. It looks like a demand for aluminum is going to continue to rise in 2007. The weakness is creating a buying opportunity.

2006-09-12

BUY

46.600

This level is pretty attractive. There have been rumours that they could be taken over and that would put them in the mid-$60's. This is one metal base play that you can stay. Economically sensitive.

2006-09-11

WEAK BUY

50.350

Martin Hubbes, CFA

Have good businesses, but have never earned the returns on them that he would have expected. Have things underway to improve profitability which he thinks will work. The own some very valuable assets such as aluminum smelters with power contracts. May come under a bit of pressure in the short-term.

2006-09-01

BUY

50.920

Chris Smith

Has had the good results of late, but he is becoming concerned that the market is looking at this as fully priced. Will probably have to work hard to make a lot of money from here. Will probably be a market performer from here.

2006-08-28

Comment

50.750

John O'Connell, CFA

Trading at reasonable valuations at around 12 X earnings, with a forecast of 8 X earnings.

2006-08-25

HOLD

51.450

If you own, hold and sell into strength. You have seen the best metal prices.

2006-08-22

PAST TOP PICK

52.000

(A Top Pick May 17/06. Down 11.4%.) Reported great 2nd quarter results. The Kitimat expansion has been announced which is positive. This is a decent entry point if you don't own. Earnings should be very strong in 2007.

2006-08-21

HOLD

51.500

Peter Gibson

Has great fundamentals right now. If you're looking out to the end of this economic cycle, this is a good place to be.

2006-08-18

TOP PICK

51.400

Just reported stellar results. Just announced a $1.8 billion expansion at Kitimat. This will solidify its power advantage. Trading at just over 5 X next year’s earnings, which is a good opportunity. Aluminum has been the laggard in metals. Forecasts are that demand growth will exceed supply growth over the next 3 years.

2006-08-14

BUY

50.610

Likes it when it gets down to this level. Under $50 would be ideal. Cheap valuation at 6 X cash flow. Very much cheaper than its own history. Aluminum didn't get as crazy as the other metals but is economically sensitive. Buy with a view that you will be out of it in two years.

2006-08-10

DON'T BUY

51.430

Brad Willock

Aluminum has lagged all the other metals as there is a significant amount available. A very high cost metal to smelt which results in poorer cash flow. They could continue to lag. Would prefer to own copper, zinc and nickel related stocks.

2006-08-09

BUY

51.430

Some analysts are stating that metal prices are far too low. On that basis, it is extraordinary cheap.

2006-08-09

DON'T BUY

53.580

Ross Healy

Has already seen what, he suspects, is going to be its high for the cycle. Has to drop quite a ways before he would be interested again.

2006-08-03

BUY

53.580

Ian Nakamoto

Reported excellent results. Thinks it's finally got its act together. Whenever he sees companies raising dividends, it sends a signal that they are quite comfortable.

2006-08-03

WEAK BUY

51.610

Cheaper than Alcoa (AA-N) with a better growth profile. Giving very nervous about the cyclical stocks.

2006-07-31

BUY

50.300

Participated in the roaring market for base metals in the spring and has fallen off 20% or more since then. Efficiencies from their French acquisition are only starting to flow through. Feels aluminum pricing is going to continue strengthening because of demand from Asia. They have cheaper electricity for production than most other producers.

2006-07-27

BUY

51.350

Not bullish on the metals in general. Have a lot of undervalued assets. Have recently been buying this and comfortable owning it. It is getting late in the metals section, so be cautious.

2006-07-24

PAST TOP PICK

50.540

(A Top Pick May 17/06. Down 7%.) Would still buy under $50. Very well positioned to benefit from the increased demand in commodities.

2006-07-20

BUY

50.540

One of her long time favourites. Ran up on takeover rumours. Excellent long-term prospects.

2006-07-20

HOLD

51.180

David Cockfield

Based on earnings projections, he wouldn't be surprised if it proceeded to higher levels. Prospects for aluminum are good. Would buy more if it went to $50.

2006-07-13

DON'T BUY

49.490

Good assets. Have low cost energy. The aluminum market is cyclical and thinks it's closer to a peak. Probably heading into the Down part of the cycle.

2006-06-27

DON'T BUY

49.490

David Burrows

This stock is going to trade with the sector and right now, the tide is going out on metal stocks. This is a cyclical stock and can go down a long way when the cycle is over.

2006-06-27

WEAK BUY

50.600

Peter Grandich

Has corrected with most metals. There is a little more bullish element with aluminum and zinc but most base metals have seen their cyclical high.

2006-06-26

TOP PICK

50.600

Was affected by the sell-off in metals. Very optimistic about the price of aluminum. Have a big competitive advantage with their cheap source of power. A quality company.

2006-06-26

BUY

47.240

The model price is $61 a positive differential of about 26%. Mispriced.

2006-06-19

TOP PICK

47.240

Will continue to generate good earnings. Aluminum lagged some of the other commodities but has begun to catch up. Cost curve is moving up and that is going to keep the prices higher. There have not been any new projects, so it will be several years before you see a supply ramp. The stock will be volatile this summer.

2006-06-19

HOLD

48.550

He is expecting an increase in the pricing of aluminum for the next 3 years. Metal stocks, as a whole, are becoming very, very cheap.

2006-06-12

BUY

51.810

Gordon Higgins, CA, MBA, CFA

Very good value here. A cyclical, so if you buy it here, remember that you will probably sell by year-end.

2006-06-08

BUY

52.700

Trading at less than 12 X earnings. A very solid company. Have been really improving the balance sheet. Because of high electricity prices, aluminum pricing should be pretty solid.

2006-06-07

DON'T BUY

52.700

Thinks the metals are going to be under pressure for a little while. Mid caps and smaller companies are taking it on the chin and they may be a better buy when things settle down.

2006-06-07

BUY

55.050

Peter Hodson

Has some very good potential from a strategic viewpoint of the world. Could be a takeover target.

2006-06-06

PAST TOP PICK

55.890

(A Top Pick Feb 28/06. Up 7%.) Aluminum prices are a very volatile, but he thinks on the uptrend.

2006-05-25

TOP PICK

54.000

The price of aluminum has gone up a lot less than zinc or copper. If aluminum just averages $1.10 this company, next year, will do $5US.

2006-05-23

TOP PICK

54.000

Has now reached a point where the price has become compelling. Should earn in the neighbourhood of $4.50 this year with cash flow over $8. Aluminum is in demand right now.

2006-05-23

TOP PICK

55.890

Aluminum has not had the kind of price appreciation that has been in other metals. Did a great job with its French acquisition. The pullback makes a good buying opportunity. Trades at about 11 X this year's earnings.

2006-05-17

TOP PICK

64.000

Aluminum price has not moved up as strongly as other metals. Will be an attractive buy to all the hedge funds, etc. European manufacturers will have to use a lot of energy to produce, while this company has most of its production out of Quebec which has a cheaper source of energy.

2006-05-11

TOP PICK

57.840

Reported spectacular first-quarter earnings which the market didn't like. They are forecasting on a global basis, a deficit in aluminum again. Expect to continue to see strong prices. Trading at 10 X ‘06 earnings.

2006-05-03

TOP PICK

58.710

Seems like all the stars are aligning for this company. They have done a lot of the synergistic savings that they said they would. Aluminum prices are nice and high. Other suppliers are having problems and demand seems to be increasing.

2006-05-02

PAST TOP PICK

57.800

(A Top Pick Dec 22/05. Up 16%.) Aluminum has now started to catch up to the other metal commodities. Inventories continue to decline.

2006-04-06

BUY on WEAKNESS

55.290

Would definitely buy on a pullback at around $50.

2006-04-03

BUY

55.290

The dip last fall was due to a hiccup from China. Now that has been corrected you should see aluminum prices rise and the stock rise with it.

2006-04-03

SELL

54.590

He thinks the only way to make money on this company is to catch the troughs in around $35. When no one wants it, that's the time to buy. In around this price, you would sell. This is more of a trading position rather than a ”buy and hold” position. His model praise is $54.55.

2006-03-29

WEAK BUY

50.090

Aluminum has been a late bloomer but has not been as dramatic as some of the other metals and has not been in short supply.

2006-03-21

DON'T BUY

51.340