+ Watch VALE
on My Watchlist
A leading producer and exporter of iron ore and pellets, Vale has mining operations in 21 countries.
steady iron ore prices
Extremely low priced at steep discount to BHP and RIO. Stays at 2009 levels while economy feels much better. Strong operational performance. Watch out for the recovery.
I think this is a cyclical that has been punished more than is warranted.
this is a huge company
IMO Iron Ore Bottomed Out And They have byproducts of gold silver platinum copper both precious metals and base metals
This is getting pretty cheap and the cycle will turn up for the miners sooner or later.
As the world economy improves, China's economy will begin to grow again. There economy will demand more commodities like iron ore and aluminum and copper. This should impact the bottom line of Vale and its profits. Hence, over the next five years we should see and increase in Vale's stock prive.
trading at $14.xx and entering upward cycle target $17 12 mos
As America heads down its socialist path, it will be up the the BRIC countries to drive the global economy. Vale is well positioned to dominate.
Down quite a bit since my pick. Vale itself says it can be profitable with iron ore at $110http://www.menafn.com/9431d1e8-2909-445f-bfc0-fca9531b3e05/DJ-Brazils-Vale-Outlook-for-Iron-Ore-Hasnt-ChangedBought some more at $12,89 catching the falling knife, wouldn't be surprised if stock price goes lower, but I calculate the intrinsic value at $22 based on Graham number (Book $10, profit $2 per share).
I bought this at 12.90 as a S. American mining play, diversifying from SCCO, which has been good. VALE has a lower P/E and debt, though the 3.5% dividend is less attractive. Price is near a year-low, & it has a S&P 4* rating. VALE and SCCO are basically bets on the world economy improving.
Cyclical play with strong dividend to earn while we wait for the cycle to turn.
Big mining company, lots of assets.
A GREAT COMPANY
It will underperform for the simple fact that I own it.
China will start buying again!
I'm All In.
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