Vale gets a new CEO and gets rid of control by its old shareholders
Vale (VALE) has a new CEO–that’s an important and immediate change. It will take longer to end the control of Vale by a small group of banks and Brazilian state pension funds–until 2020–but that may actually be more important in the long run....
Vale sells fertilizer assets to Mosaic–time for this long-term stock pick to pay down some debt
Brazil’s Vale (VALE) has agreed to sell it fertilizer assets to Mosaic (MOS) for $2.5 billion in cash and stock. The price at 15 times trailing-12-month EBITDA (earnings before taxes, interest, depreciation, and amortization) is a good one given the continued...
Buy Vale (VALE)
Formerly known as Companhia Vale do Rio Doce, this Brazilian company is the second largest producer of iron ore in the world. The company’s iron ore mines are the lowest-cost producers in the world.Jim’s Daily Email Alerts:
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