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Vale S.A. Message Board

  • jcbrowns jcbrowns Oct 28, 2008 10:59 PM Flag

    Morningstar Says Fair Value =$23.00

    Quote Fron Investor Village Poster:

    "The new Morningstar review PDF of RIO which I received is quite interesting. They have given Rio a 5 star rating. They have set fair value at $23.00 and rate it a sell at $ 46.00 because of a more tempered outlook for iron ore prices, which they expect to ease from recent highs."

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    • gregorytoddash Oct 28, 2008 11:33 PM Flag

      Morningstar is always after the thought. They are poor predictors. Morningstar will miss the turnaround and then after the fact raise their fair value. However, the market is usually 6 months ahead of actual results. Morningstar's fair value is a poor predictor of future stock performance.

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