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Vale S.A. Message Board

  • ronsontyler ronsontyler Sep 23, 2013 7:58 PM Flag


    great news coming soon

    Sentiment: Strong Buy

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    • Some pretty good news is already here. Iron ore prices are 40% higher than this time last year when the stock was trading above $18. All else being equal, the stock should trade 40% higher, or about above $25 (JPM PT). But, things aren't equal. They have cut billions from expenses. The Real has depreciated. They strongly beat last quarter estimates and even though this quarter should be better, the estimates are lower than last quarter, so they should blow the numbers away again. Perhaps China and emerging markets don't look as robust as this time last year, but China is coming back while Europe and the US appear stronger. So, if great news is coming soon, it would be a nice addition. Personally, I think they increase the dividend in 2014 back to the $6B they were paying out before they cut it to $4B and/or they institute a very large stock buyback to go along with their strong operating performance. GLTA

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