Vale S. A. CL P (VALE.P)

[stocktrademan]

VALE/P bullish 5.07

[stocktrademan]

VALE/P bullish 4.34

preferred shares


regular shares

[Nkore]

Load up for ride back to $7

[Nkore]

VALE.P - Very oversold - short covering sell side analysts presents opportunity for long term investors

[Nkore]

Added at 7.9!!

[Nkore]

Looks like the bottom is in

[Nkore]

Very nice reversal!

[Nkore]

Dividend effective date 10/17

[Nkore]

Time to buy - with upcoming dividend, effective entry point will be near $9.1 - it could dip below 8 if they suspend future dividends but this is a long term play..

[Nkore]

Brazil Vale Signs Iron Ore Transport Accord With China Merchants Group

By Rogerio Jelmayer

SAO PAULO--Brazilian mining giant Vale S.A. (VALE, VALE3.BR, VALE5.BR) said Friday it signed a stragtic iron-ore cooperative shipping agreement with China Merchants Group, one more step in its efforts to improve its iron-ore shipments to China.

"Vale and China Merchants agreed to enter a contract of affreightment for a period of 25 years which will be serviced by 10 very large ore carriers to be built by China Merchants for the transportation of Vale's iron ore from Brazil to China," the Brazilian company said.

[Nkore]

Hope the dividend lasts

[Nkore]

Well worth the investment though - especially if you're looking for income in your portfolio

[Nkore]

It may dip below $9.2

[Nkore]

Looking to open up a position next week

[ECole]

conf call transcript

http://www.earningsimpact.com/Transcript/84368/VALE/VALE-S-A----Q3-2013-Earnings-Call

[Nkore]

VALE/P looking oversold at these levels - keeping an eye on this one