Alcoa

I hate it that Stan O'Neal from the defunct Merril is a board member, but Paul O'Neil was the CEO, and I would like to think management is strong in this 100 year institution.

Trading at cyclical lows. Has the historic values one looks for in a Dog of the Dow and what Dow Theorists espouse, value.

I think part of the sell off has to do with speculators that bought on buy out expectations. And the horrible future expectations of manufacturing. But Alcoa has survived all the recessions and depressions of the 20th century so should again. Because they create something people want.

If you look on a periphery basis, it has similar value to Freeport McMoran, without the gold.