Alcoa Pays In Stock

Alcoa put $600 million worth of its stock into its employee pension plan.  After the carnage of the past decade many pension plans are underfunded and companies are increasingly donating stock. This type of behavior is a longer term headwind for stocks.

1 comment:

Anonymous said...

I don't know, this bounce is taking an awful long time to develop. I am keeping the other half of my shorts on until I see a real flush lower. Not buying good news is a bad sign...

JD