Constellium Shares Are Falling Behind Competitors As Europe Copes With Aluminum Supply Restraints

As every investor knows — a stock is cheap, and in decline, for a reason.Over the last 12 months, the NYSE-listed shares of global aluminum giant Constellium CSTM are down 12%, while rivals like Alcoa Corporation AA, Kaiser Aluminum Corporation KALU and Century Aluminum Company CENX are all up. Alcoa is up 55%. CENX is like crypto aluminum, up 155.8% in a year.Its price-to-earnings ratio is not bad at 12x, and it has a new $65 million investment in a new aluminum plant being built in Alabama, though that is ...