May 27, 2010
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RELATED TICKERS: BHP
will help out competitors in Brazil because the Austrailian iron ore miners are cancelling plans for opening up new mines because of the Austrailian tax.
VALE "OVERSOLD:" its back to $26
RELATED TICKERS: VALE
when it had an eps est of only .41 for the current qtr. What a crushing downturn it has had.
The last 3 weeks the bloodbath caused it to get back to an oversold price.
Especially when considering its EPS est. is now .79 for the current qtr and 3.15 for 2010 and 4.10 for 2011. Estimates now are 50% to 100% better than they were the last time VALE was trading at these prices.