Anyone holding $VALE-2.5%? 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?
Vale S.A.
VALEOpen $12.12
Day range $11.97 - $12.13
52 week range $11.52 - $16.08
Capital Structure
Market Cap
51.86B
Enterpr. Val.
61.25B
Revenue
41.75B
Shares Out.
4.30B
Debt/Capital
0.24
FCF Yield
14.09%
Valuation / Dividends
P/E
6.59
EPS
1.83
P/S
1.24
P/B
1.31
Div. Yield
11.89%
Div. Payout
69.51%
Capital Eff. / Margins
ROIC
20.57%
ROE
20.81%
ROA
8.50%
Gross
42.25%
Operating
34.00%
Net Profit
19.12%
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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