Vale SA (ADR) – $VALE – Confident Investor Rating: Poor

Company name Vale SA (ADR)
Stock ticker VALE
Live stock price [stckqut]VALE[/stckqut]
Confident Investor Rating Poor

The following company description is from Google Finance:

Vale SA (Vale) is a Brazil-based metals and mining company. Vale services are divided into four segments: Bulk Material, including the extraction of iron ore, manganese and ferroalloys, as well as pellet production; Basic metals, comprising the production of non-ferrous minerals, including nickel, copper and aluminum; Fertilizers, including the production of potash, phosphate and nitrogen; and Logistic services, including cargo transportation for third parties divided into rail transport, port and shipping services. Vale is active in investments in joint ventures and associate in other businesses. It operates through subsidiaries and jointly-controlled entities, incorporated in Brazil, Chile, Australia, Singapore and the United States, among others. In April 2014, it transferred 20% of VLI SA to Mitsui & Co Ltd and 15.9% to Investment Fund of Fundo de Garantia do Tempo de Servico.
Confident Investor comments: At this price and at this time, I do not think that a Confident Investor can confidently invest in Vale SA (ADR). It is not possible to confidently invest in a company that is not currently profitable and while the latest quarter results were better, it is still not good enough. I am removing this company from my Watch List.
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