ALCOA (AA $10.89, rated Neutral) RETRENCHMENTS PREPARE FOR MULTI-YEAR PERIOD OF WORLD CAPACITY ADDITIONS, DESTOCKING AND POOR DEMAND 1/8/2009
ALUMINUM INDUSTRY – – DIFFERENCES BETWEEN 2008-2009 AND 1993-1994 PERIODS OF OVERSUPPLY 1/7/2009
NEW YEAR BEGINS WITH ALLOCATIONS INTO RESOURCES 1/5/2009
WEYERHAEUSER (WY $31.89, Underweight) DIVIDEND CUT AND POOR 09 OUTLOOK REINFORCE UNDERWEIGHT RATING 1/2/2009
RIO TINTO (RTP, $87.49, Target $236, OVERWEIGHT rating maintained); PRODUCTION REPORT, MANAGEMENT CHANGES, AND ALUMINUM OUTPUT CUTS MAY TELEGRAPH A “HOUSECLEANING” 1/26/2009
BARRICK GOLD (ABX $19.91, RATED OVERWEIGHT) LOWER COPPER AND GOLD PRICES AND POTENTIAL PROBLEM MINES LEAD TO LOWER EARNINGS ESTIMATES 12/24/2008
SPOTMARKETS FURTHER SHIFT TO DOLLAR WEAKNESS AND RECESSIONARY DATA 12/21/2008
WORTHINGTON INDUSTRIES (WOR $12.24, rated OVERWEIGHT) “CLEARS THE DECKS” AS METAL FRAMING GOODWILL WRITEDOWN ADDS TO THREE OTHER CHARGES 12/19/2008
TECK (TCK $5.54 12-17-08 close, rated Overweight); POTENTIAL SOLUTIONS TO FUNDING DILEMMA’S SYNCHRONIZED COMMODITY PRICE COLLAPSE 12/18/2008
HIGHEST STEEL IMPORT PENETRATION SINCE NOVEMBER 1998 12/15/2008