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Jim Cramer told Debra Borchardt at TheStreet.com that he's not ready to give up on Alcoa, but he's also not a buyer ahead of the company's earnings.
Cramer said Alcoa is really the tale of two companies. The first one provides aluminum for everything from iPads to construction products, airplane screws to auto and truck engines, all red-hot markets that will be growing like gangbusters in the second half of 2013.But then there's the second Alcoa, the one held hostage by falling aluminum commodity prices. It's the second Alcoa, noted Cramer, that has kept the stock down throughout 2012. Cramer said Alcoa shares will likely fall when the company reports and analysts once again lower their estimates. After that happens, Cramer said he'd be a buyer, as so many stocks have been able to bounce back from similar conditions. To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here. -- Written by Scott Rutt in Washington. To email Scott about this article, click here: Scott Rutt Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC
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