Just read a report which said Vale will not implement a new CAPEX program until the debt target is reached. Also said the new CEO is reigning in internal controls and Vale is exploring ways to perhaps get involved in electricity. So far I like what I see from the new CEO, a real penny pincher, just what we needed. Good Luck!
Does anyone know if VALE is going to pay a second dividend this year? There is nothing on the VALE website concerning this.
Analysts are all lining up saying iron ore is headed back to the $50's. I was reading over the weekend that with the winter coming on Barclays, HSBC (to name a few) are all saying the price of iron ore will correct to the 50's and the current prices are not sustainable. If this is indeed true I can't see how Vale can move any higher from here. Seems we can't catch a break, any time we start to get some price appreciation and we just fall back. Good Luck!
stock was definitely due for a pullback after going up and up continuously till it hit 11.70, but down to 10.60!???? Unbelievable! Iron ore is still solid and people are buying up call options left and right. Don't tell me it's because of the dumb#$%$ shorts increasing their short position. These #$%$ have been trying to drag this stock down since it was 2.35
Price up 10% while shorts increased approx 3.5 million.
Vale set to report earnings of .25 on October 26th. All indications should be a good quarter. Iron ore has been over $70 and remember Mr. Schvartzman during the last cc said next qtr. would be good. Should also see them make significant progress in the debt. That Samarco overhang will also come to an end, thank goodness! Good Luck All!
Keep an eye on the price of oil, it has just breached the $50 level. Rising oil prices will have a negative effect on Vale's earnings. Good Luck guys!
"Reflecting firm appetite for the raw material, stocks of iron ore at China's ports dropped for a sixth straight week to 133 million tonnes on Friday" ... "that was the lowest inventory at the ports since early May" ... "Mills are looking for high-grade iron ore and they're willing to pay the market level, the futures market is not impacting the physical market"
I think the fundamentals remain strong and the outlook for iron ore remains bright for the near short term. Most likely oversold and taking some profits out of the commodities market as well as a huge appreciation of the Chinese Yuan in its highest levels against the US Dollar. Vale is a 15+ minimum stock and it's very hard for me to sell before it gets there, waiting to see what happens with Samarco ... goodluck everyone
Nice retreat...at support now...forces going down...buy puts.
Iron ore at risk of further losses as price slumps to month low
Singapore - Iron ore is facing renewed pressure and risks sliding back into the $60s, as China’s economy shows signs of cooling and global mine supply increases, while planned steel capacity cuts in the world’s biggest consumer this winter could further cut demand.
Ore with 62% content in Qingdao fell 3.4% to $73.99 a dry ton on Thursday, posting its biggest loss since May and sending prices to the lowest in a month, according to Metal Bulletin.
The commodity, which almost hit $80 in August, is set for its first back-to-back weekly decline since June. Futures in Dalian fell to a two-month low on Friday.
The steel-making raw material is retreating with base metals after a slew of negative outlooks, with Barclays saying the commodity is “living on borrowed time.” Industrial output and retail reports from China this week suggested an unexpectedly slower pace of growth.
While capacity cuts to curb pollution in Asia’s top economy are set to hurt consumption, a further expansion in mine supplies from Brazil and Australia also threatens prices.
“A combination of softening demand growth from China and the outlook for increased supply create downside risk for the spot iron ore price,” said Ric Spooner, chief market analyst at CMC Markets in Sydney. “The chances are we’ll see the spot price retreat to the $60s.”
Much of iron ore’s recent strength has been spurred by strong demand within China, but that’s about to change, according to a September 13 report from Barclays, which said its economists see an “impending end” to macroeconomic support. While the bank didn’t give a price forecast, it has said previously it sees an average of $50 by the fourth quarter.
Data Thursday showed Chinese retail sales, industrial production and fixed-asset investment slowed last month after a lackluster July, suggesting that efforts to rein in credit expansion and reduce excess capacity are hitting home. China’s home sales grew at the slowest pace in almost three years.
As an environmental campaign intensifies, steel production, which notched a fresh monthly record in August, may drop in coming months. Hebei province, the center of China’s mammoth steel industry, has plans to allow for output cuts of as much as 50% to reduce pollution. Citigroup Inc. has estimated daily production could shrink 8 percent because of the crackdown.
“Steel plant shutdowns will reduce demand for iron ore,” Fan Lu, an analyst at Sinosteel Futures, said on Friday, adding there’ll also be a greater supply of ore arriving in China. “The commodity is poised to remain in a downtrend.”Iron ore at risk of further losses as price slumps to month low
there’ll also be a greater supply of ore arriving in China. “The commodity is poised to remain in a downtrend.”
12-13 range is coming fast.
I bought this stock a while ago @ 12.75 a share and watched it go up to 18 or so. I then watched it sink below 2.75 and also did nothing but lament the fact that I didn't sell at 18. Yes I wished I bought more at 2.75 or so but I was in a state of financial embarrassment at the time lol. Now that my affairs have recovered I am wondering if it is worth getting more shares at 11.+ a share. I have been telling myself that if it went to 12.75 again I'd sell...any feedback folks?
I was looking at some of the recent analysts projections and found that the most recent were holds from Jeffries and BMO with price targets of $9 and $8 respectively. Both of the guys have an average of being correct about 50% of the time which would seem they could improve if they were able to interpret information and make rational estimates. Not sure why with a success rate of 50% they are still employed.
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My guess is that VALE is due for a pullback in the short-run. Im not sure about you guys but awe-som_sto-cks has provided me with some pretty good trade ideas. I messed up executing some of them but thats on me.
MOODY's upgrade!!!! Rationale is everything every long investor here already knew. Just nice to see it in official writing alongside a credit upgrade. Goodluck board!
it seems Vale has blew through all resistance levels during pre-market, hope this rally holds. Goodluck!
Don't mind any price drops/ fluctuations if you're long!
Anyone have any information or opinions regarding dividend possibilities in the near future?