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Even if you don't think you do, you already know plenty about commodities. Want us to prove it? No problem.
What makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate at last summer¿s barbecue different from the corn used to produce ethanol. Stumped? Well, don't feel bad, it's a trick question. The answer? Absolutely nothing. Corn is corn no matter where it comes from -- just as wheat is wheat and natural gas is -- right! -- natural gas. (Though the quality may differ, the make-up is uniform.)
So, in less elaborate terms, corn and oil (and all other commodities) are homogenous goods that can be processed, resold and more often than not, used as an input to the production of other goods or services. These goods are traded on a commodity exchange, thus setting the price-per-barrel (or other metric unit) used to value them.
Now pay attention, here's a question that indeed does have an answer: What is the difference between a commodity and a stock? While a stock can tank and become worthless, a commodity cannot have its value be wiped to zero. One other difference: Most commodities are traded in futures, meaning traders buy and sell where they think the price of a product will be at a certain point in the future. Stocks trade based on the value of the underlying company at that point in time.
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Monday, June 23, 2008
Ampco-Pittsburgh Corporation Announces Regular Quarterly Dividend
Comtex
PITTSBURGH, Jun 23, 2008 (BUSINESS WIRE) ----Ampco-Pittsburgh Corporation (NYSE: AP) today announced the declaration of a regular quarterly dividend of $.18 per share on the common stock of the Corporation. The dividend will be paid on July 25, 2008 to shareholders of record on July 11, 2008.
Ampco-Pittsburgh Corporation is a leading producer of forged and cast rolling mill rolls for the worldwide steel and aluminum industries. It is also a producer of air and liquid processing equipment.
The matters discussed herein may contain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from expectations. Some of these risks are set forth in the Corporation's Annual Report on Form 10-K as well as the Corporation's other reports filed with the Securities and Exchange Commission.
SOURCE: Ampco-Pittsburgh Corporation
Ampco-Pittsburgh Corporation Rose Hoover, Vice President Administration and Corporate Secretary, 412-456-4418 rhoover@ampcopgh.com
Copyright Business Wire 2008 ********************************************************************** As of Thursday, 06-19-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated an UPTREND on 06-05-2008 for AP @ $48.31. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
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