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Norsk Hydro ASA (NHYKF)
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Value investing is about being greedy when others are fearful and basing your greed on sound fundamental analysis.
A sector that is extremely volatile but has positive underlying fundamentals is the aluminum sector. Stocks like Alcoa have rebounded significantly since the March 2020 lows, even more than 300%, but it is never a bad time to analyze a sector and follow interesting stocks.
This is my conclusion from the 5 analyzed stocks:
Alcoa (NYSE: AA) has legacy issues with big debt burdens and not really a competitive advantage given the US cost operational base, except for Ma'aden. I don't know if it will be able to create sustainable value for shareholders long-term.
Kaizer Aluminum (NASDAQ: KALU) looks like a really good business with strong margins, doing smart acquisitions, has great customers and is profitable no matter the environment. If you are looking for a quality business to follow, look no further.
Century Aluminum (NASDAQ: CENX) has 4 smelters and doesn't make any money. Glencore is keeping it alive but i don't know for how long. However, when aluminum prices go up, index funds and ETFs buy it, so the stocks goes up too.
Chinalco (NYSE: AHC) is owned by the Chinese government, so the interests of the main shareholder are not aligned with yours. Avoid.
Norsk Hydro (NO:NHY) is a good business with low cost hydro energy advantages offering a sound fundamental basis.
Here is a video discussing the aluminum investing opportunity. Unfortunately not a long-term investment place to put your money into because, as Buffett says: "in a battle between good management and a bad industry, the industry's reputation will almost always remain intact”! But, given the positive fundamental trends, it can offer low risk/high reward value investment trades here and there. I will cover Norsk Hydro and Kaizer, and some other for the long-term.
Norsk Hydro (NO:NHY) is a good business with low cost hydro energy advantages.
P/E ratio: 9,25
P/B ratio: 1.228
Be aware of -$222m in 3Q 2020
It takes part in all the value chains from LME futures, aluminium recycling, standard ingots, Profiling and other premiums.
I want to pinpoint that the negative net profit is an increase from 1Q 2020 reporting -$1.8b. IEC conducted reports finding arsenic, lead and cobalt etc allegedly dumped in rivers by hydro near their Alunorte facility, Brazil. they will recover but can you trust a company that does not take responsibility for their actions and hasn't done any restructuring after the scandal? I don't know. Don't forget that Yara, previously merged with hydro as "Hydro Agri" was found guilty of corruption when trying to enter the fertiliser markets in India and Libya?
I'm not long yet but will conduct further analysis and may go long within this year
was a great value before the drop, now is a bargain. kind of wish it would stay down for a while so I could buy more when I get more free cash, but I doubt it
aluminum ---- strong buy stock. rating: 1
load up this won't stay down long
Back to $6
25% dividend withholding plus ADR fees
This will $100 before 2018
Is this company any good?
Solid Company. Employees have ownership stake. Diversified.
Norsk Hydro has 2GWatts of hydroelectric generating capacity. In Finland they have spent $12 billion on a nuclear plant that has about the same capacity. Nearly twice the current market cap of Norsk Hydro. So maybe you get all the aluminum plants for free.
Anyone know why there's been no volume today?
Hope it drops more, I'll take this "high" yielder! Solid Company.
What’s going on with this company........it got stuck and now seems like a downward trend.
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