Alumina: Down then up?

With alumina prices tumbling and Alumina’s share price following suit, Gaurav Sodhi re-tests his investment thesis. Is it still a buy?

Since recommending Alumina on 05 Oct 11 (see Alumina: lousy business, hot opportunity? (Speculative Buy - $1.44) the share price has fallen 34%. The drop may be rollercoaster-steep but it’s neither irrational nor unwarranted.


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