TheStreet’s Jim Cramer says the Alcoa that is buffeted by commodity prices for aluminum is going away and in its place is a highly-sophisticated, proprietary form of material. Alcoa announced Monday that it has agreed to acquire German titanium manufacturer TITAL. Cramer says this is a brilliant move. He explains that titanium and aluminum are the principal materials needed for building airplanes so what Alcoa is doing is moving up the food chain to become more proprietary. He says this is a particular proprietary technology that they’re buying as well as titanium which is the other product other than aluminum that really does matter to Boeing and to Airbus. Cramer points out that Alcoa right now is stalled with the rest of the big industrials because of worldwide growth worries, but he says investors should buy Alcoa as it comes down.
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