Alocoa’s net is up 75% and that sounds wonderful but most of the reason is on account of the pending sale of its packaging and consumer business.  The WSJ points out that 4th quarter results were also due to a favorable restructuring adjustment and tax benefit.  The reality is that its quarterly revenues fell rather steeply and its “flat rolled” sales were down due to general market weakness.  The packaging and consumer business sale to a New Zealand company was worth $2.7 b and includes the brand, “Reynold’s Wrap.”