Chinese massive growth is over, at least for the next 3-5 years. They still have to fill the ghost cities. I am not sure you understand what kind of demand china put on iron for the last 20 years. The kind of demand that the US put on asphalt during the building of the interstate highway system (50% of the global demand). VALE right now is a value trap. If it breaks the 12.80 (or so) resistance you will be shocked how fast it can drop. Yes, iron ore is necessary but just like fertilizers there are 2 elements in the equation demand AND supply. The supply is plentiful and the demand is dropping. Double jeopardy.
Their safety record is a frkn disaster. The worst in the industry. It is a chronic issue that nobody in this stupid company seems to be able to address.
David Abrams graduated from University of Pennsylvania with a B.A. degree in History. Prior to forming Abrams Capital Management in 1999, Abrams worked at Seth Klarman’s Baupost Group for 10 years. In the nearly 12 years since Abrams started his fund he has achieved an annualized return of around 20 percent (net of fees). David Abrams is a value investor just like Seth Klarman. He invests only a small percentage of his assets in equities. You can check out his latest and previous portfolios below. In June 2014 WSJ published an article focusing on Abrams Capital. The article stated that David Abrams is a billionaire who earned $400 million in 2013. The article also revealed that Boston-based Abrams Capital has nearly $8 billion in AUM and returned 15% since its inception.
He is an ex member and alumni the the Baupost group run by LEGENDARY value investor Seth Klarsman. These guys make money on everything they touch. When they get in is because they see a minimum of 30% upside. I follow Klarsman very closely. Abraham has the same investment/research philosophy. This stock has at least 10 points of upside.
You are OK. Value is $42 to $45. It takes a little while for a spin off to get all their ducks aligned. Stay put (and by that I mean 1 year)
The dichotomy here is, rising interest rates will bring the bank more profit BUT what about the value of their assets. I don't know how many low interest rates treasury bonds are they sitting on. If those assets start taking a hit will that actually affect book value and capital rations, or no since they do have a fix price maturity date ?
Not yet. Stabilizing due to some short covering for the weekend. But Monday could see further downside for the whole market, could be ugly. I am betting on further downside. If the $14 puts start paying over 6% for Nov and beyond or the $15 calls are cheap beyond Jan then I am selling/buying them two fisted.
If they take a peezzz and a dump on the aisles, is that considered a bathroom break ? If not then instruct all employees to shjjjjt and peezzz on the company aisles.
If they wanted to pay their bills they would slash the department of defense in half. They don't want to pay jack. They are a bunch of boot lickers that go apoplectic over a 5 year old crossing the border. Bunch of poozhies