Anyone holding $VALE-0.4%? It made me happy for quite a long time, but now it keeps dropping and the divi cut came too. What is your thesis on this company?
Day range $14.00 - $14.28
52 week range $11.72 - $19.31
Valuation / Dividends
Capital Eff. / Margins
I don't hold the company, but it is currently near nice support.
I'm not. Despite a nice dividend, I don't like cyclical stocks. And as is usually the case, a high dividend is not sustainable, as evidenced by the post and comments here.
How much did the dividend go down? And why did it go down so drastically? I had Vale in my sights, but ended up investing in Rio for the short term.
What do you mean short-term? I'm still holding Rio even though it's going down, I trust it and I haven't seen any bad news so far.
There's a lot of geopolitical risk involved (see Petrobas)
For how drastically they cut, the payout is still not miraculously low