It is remarkable that the stock is as high as it is. The dividend is .75/share but earnings are only .45/share. That clearly is not sustainable. The current PE for vale is 34 and iron miners are usually get a PE of 10-12. This quarter all the iron miners will announce big earnings. But, there is a tremendous amount of new capacity coming online from VALE, RIO, Fortesque and BHP and that capacity is going to be sold into a market with flat demand. China is about to start their own iron futures in an effort to impact the price of iron ore. You should feel lucky the price is where it is.............and you should sell.