Posts Tagged VALE
Once Again, Vale Mining’s Preferred Shares Are Cheap
Posted by blodmell in Uncategorized on March 24th, 2012
Just a few months ago, marketwatchers were still concerned about China’s inflation and “overheating”. Now, the pendelum has swung the other direction. We’ve been watching this stock for years. It is a value and emerging market growth play at once. It also has a good dividend yield. At 22 bucks, it’s cheap.
Revisiting Our Beloved Brazilian VALE S.A., The World´s Largest Producer Of Iron Ore
Posted by blodmell in Uncategorized on May 28th, 2010
CR Capital Advisors has recommend clients build and build and build positions in Vale, SA. This month alone our preferred ADR saw intramonth volatility of up to 30%. In April, it almost hit 30 and in May it almost hit 20. The share price was up almost 8.5% yesterday. The price sits at 23.27 USD. The prestigious Brazilian investment bank, Pactual, just issued a buy recommendation and reminded investors that their earnings are set to increase by a staggering 129 percent this quarter to $6.4 billion and another 8% to $6.9 billion in the third quarter. Pactual reiterated their price estimate of $31 for the preferred ADR´s.
VALE, SA Boss, Roger Agnelli, Received the Prestigous Financial Times “Boldness In Business Award”
Posted by blodmell in Uncategorized on April 11th, 2010
I often comment that Roger Agnelli is the model of the new breed of Emerging Market bosses- passionate, street smart, persistent and unintimadated. Watch this 4 minute post speech interview. Corporate Governance is an important piece of CR Capitals equation when we evaluate positions for our clients. Roger Agnelli is one important reason why we are so heavily weighted in VALE. When I first started observing him, I was concerned that he might be a bit brash in his risk taking approach. That was years ago, and now I am an admirer of his vision and attitude. His bold acquisitions have proven to be prescient. I have also spoken with some executives in VALE. There are 60,000 employees and they affirm that his intensity is contagious and the culture of motivation trickles down. That should be very encouraging for our investors. Also, I will be traveling to Brazil to meet with VALE investor relations officers. We expect to schedule a future tour of mines and the ports. Vale is also planning on purchasing their own iron ore carrier fleet to assure they can fulfill contracts paid at the higher priced spot markets. This is all very exciting. Vale and Roger Agnelli have a bright star.
The Worlds Largest Transport Ship, The Iron Ore Bulk Carrier
Benjamin Reid Lodmell, “I’m Picking Up More and More Vale and AKBANK and Banco Itau Unibanco. Building Positions!”
Posted by blodmell in Uncategorized on March 11th, 2010
I just finished speaking with the investor relations department of VALE, S.A., the Brazilian mining giant. We’ll visit operations this year. The rising price of iron ore is not the only reason why we believe in the long term prospects of this company. It is an excellent institutions with superb corporate governance. They are strategically savvy and aggressive. Banco Itau Unibanco is like a cruise ship being lifted through the rising tide of the Panama Canal. They are destined to succeed because of the expanding credit environment in Brazil. AKBANK is dominating the huge Turkish market (Turkey has 72 million people). AKBANK is cheap right now too. Build, hold, build, hold and aggressively buy on dips with the guts to see these companies through the long run.
Following Vale, S.A.
Posted by blodmell in Uncategorized on September 16th, 2009
We update everything important that occurs in the world of the Brazilian mining giant, Vale, S.A. , because it is an important stock in our capital appreciation strategy. We strongly recommend that our clients build significant postions in this excellent company. But we are also watching the politics around it. We think this is just political grandstanding, but we are watching.
SAO PAULO, Sept 16 (Reuters) – Brazilian Finance Minister Guido Mantega told Valor Economico in an interview published on Wednesday that mining company Vale (VALE5.SA)(VALE.N) has to invest more in steel and other domestic industrial projects and rely less on imports for supplies to reaffirm its commitment to the country.
Mantega’s remarks come as Vale, a former state company, became a target of harsh government criticism in recent months following efforts by Chief Executive Roger Agnelli to cushion the company from the impact of the global economic slump.
Mantega told Valor that President Luiz Inacio Lula da Silva “lashed out” at Vale’s decision to fire 100 workers in Brazil as well as decisions to postpone investments and purchase about $2 billion worth of Chinese cargo ships and other capital goods.
“Vale has been proposing a series of projects to add value (in Brazil). It is an exporter, therefore it pays little in taxes,” Mantega told the newspaper. “The president’s discomfort came from their decision to delay the projects.”
http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSN168974020090916
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Wealth Management
VALE, S.A. Profits Are Down This Quarter on Ore Price
Posted by blodmell in Uncategorized on August 28th, 2009
CR Capital Advisors believes in the long term prospects of this company. The disappointing profits haven’t changed todays stock ADR price of around 20. Remember the 52wk high is 27 bucks and 52 week low around 9. This is a perfect example of the opportunities that arise to lower our average price per share as we pick up more shares in a company that is major stakeholder in a fast growing economy. If you are a shareholder of VALE, please read the Financial Times article below. Note, ”Our shipments to China reached another all-time high quarterly figure, totaling 35.611 million metric tons, representing 66.2 percent of total (iron) shipments,” the company said.
http://www.ft.com/cms/s/0/0a6e5e18-7cbe-11de-a7bf-00144feabdc0.html
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