VALE earnings miss - time to buy?

SoyUnGanador said:
Been watching this one knock around. Seems undervalued long-term at least. They had their profits miss. Down 6%+. Looks like yielding 10%ish. Good time to buy?

Thanks.
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I would consider it;
if it cleared $14 + was LABU. Not long LABU now, but stalking it, maybe when it clsoes above $8.00.............................[LABU, not Vale]. Good southern question.
 
murray t turtle said:
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I would consider it;
if it cleared $14 + was LABU. Not long LABU now, but stalking it, maybe when it clsoes above $8.00.............................[LABU, not Vale]. Good southern question.
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Thank you Mr. Turtle! Bought 300 shortly after I posted. I'm a sucker for those divvies!!!

Now I need to check out LABU!
 
SoyUnGanador said:
Thank you Mr. Turtle! Bought 300 shortly after I posted. I'm a sucker for those divvies!!!

Now I need to check out LABU!
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I've traded that VALE before.
IF interested in mining stocks, VALE = good chart +dividend, buys around 50 day moving average .
Looks more like a good trade than a long term dividend investment; but excellent elephant average volume regardless of direction.:caution::caution:
 
Problem is China is the main buyer of Copper so these stocks will be under pressure until there is a clear recovery cycle for China to do more infrastructure spending.

If you want high dividend, at least until a US recession occurs, you should just buy the oil stocks with variable dividends like DVN, COP, EOG and PXD. SHEL & BP are good too but their currency (GBP) seems shaky so you might lose in currency translation especially if the USD keeps rising.
 
nitrene said:
Speaking of LABU. It should be a good day today especially after the JNJ buyout of Abiomed this morning. +50% its good to own Abiomed today.
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They're buying VALE+ many kinds of metals business. Elephants are doing a quiet stamped in that sector:D:D
 
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