China may be one of the last places where you can buy things on the cheap.
Last year's third quarter was the best the industry ever had. There were companies who made as much in a year in their prior histories as they made that quarter, ... This is going to be a - terrible third quarter.
Aluminum prices have been very strong for the last several weeks and Alcoa's stock hasn't reflected it as well as it usually does. It's a catch-up.
The last thing that a smart acquirer does is change a company that's successful.