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A producer and exporter of iron ore and pellets. The Company also produces nickel, copper, manganese, ferroalloys, bauxite, precious metals, cobalt, kaolin, potash and other products.
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lovesaves (99.68) Submitted: 11/01/07 6:23 PM : Start Price: $36.73 RIO Score: 6.07
We're on the verge of an exodus of money from markets globally. This stock is up significantly over the past 12 months and it will suffer a big pullback as investors flee.
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greekophile (< 20) Submitted: 11/17/07 9:50 AM
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I don't agree. if so, where will the money go? where will they invest? they will invest in commodities and they are in demand; Rio has the ability to deliver to China and India, the best drivers. look around you, construction everywhere. changes to demographics and an increasing wealth. Rio may dip, but it will continue to rise.
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twelveisdead (55.15) Submitted: 11/30/07 12:20 PM
Disagree 100%. Do you really think that the subprime woes will vanish overnight? Do you think that companies like Citi, Bank of America, etc can write off BILLIONS of dollars without affecting the bottom line? For the next couple of years, the US will face extra-ordinary pressure economically. The global markets will rise and level out, but not for a couple of years. Also, how can a commodities king go under?! That's like saying Walmart's stock (different industry but has a relative monopoly) will tank. My opinion, RIO will deliver between 7-12% returns a year for the next 42.9 years... ok maybe 43 years.
JonBarleycorn (68.22) Submitted: 6/09/08 3:13 PM
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The Chinese government is taking draconian measures to prop up their image during the Olympic games. This even includes shutting down local industry to reduce air pollution in Beijing. I think near term Chinese demand for Vales products might be affected by this, and indeed, may be slowing down. How do you think Vale will do in the face of this diminished demand?
donktastic (< 20) Submitted: 6/30/08 11:39 PM
If they're smart, they'll continue buying stake in Chinese steel companies like Valin Steel Tube & Wire Co (which they own 1/3 of). ArcelorMittal is a very forward thinking company and believes that in 5-7 years (when the Chinese government consolidates its steel industry), that they'll make a run at becoming the first foreign company to acquire a majority stake in a Chinese steelmaker. When that happens...look out! Money comes easily and frequently. Thank you.
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