Aluminum is used in the following industries:
Aerospace
Cars, trucks, trains, planes, ships
CD's
Cookware
Doors, siding, window frames
Cans and cooking foil
Electrical transmission lines
Fireworks
Heat sinks
Knives and swords
Magnets
Paint
Water treatment
Here is a wrap-up of aluminum stocks worth looking at. All of the following have market caps in excess of $600 million.
Alcan, Inc. (AL) is the second largest aluminum company in the world by sales. It is also the largest aluminum company in Canada. The Canadian Competition Bureau recently approved the friendly takeover of the company by Rio Tinto (RTP). The stock has a P/E of 19.4, a PEG of 1.06, and a small yield of 0.8%.
Alcoa Inc. (AA) is the third largest aluminum producer in the world. The stock has a P/E of 13.14, a PEG of 1.04, and a decent yield of 2%.
Aluminum Corp. of China Ltd. (ACH) is involved in the production and marketing of alumina and aluminum in China. The stock has a P/E of 4.79, a PEG of 1.44, and a high yield of 4.5%.
Century Aluminum Co. (CENX) is a Monterrey, California based company which is a producer of aluminum in North America. The P/E is 28.18 and the PEG is 0.91.
Quanex Corp. (NX) has an aluminum sheet building products division, and makes vehicle and building products. The stock has a P/E of 11.93, a PEG of 0.81, and a yield of 1.3%.
Kaiser Aluminum Corp. (KALU) is a California based producer of fabricated aluminum products, that has been in business since 1946. The stock has a forward P/E of 12.81, a PEG of 0.83, and a yield of 0.3%.
Tredegar Corp. (TG) is a Richmond, Virginia based company which produces aluminum extrusions used for numerous types of personal and household care products. The stock has a P/E of 16.13, and a yield of 0.9%.
Author does not own any of the above.
By Fred Fuld at Stockerblog.com
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