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DewDiligence

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DewDiligence

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Re: DewDiligence post# 1464

Thursday, 09/23/2010 6:01:33 PM

Thursday, September 23, 2010 6:01:33 PM

Post# of 30545
VALE plans $2B share buyback and Hong Kong listing:

http://www.reuters.com/article/idAFSPG00306720100923

Despite being on the other side of the world, VALE sells the majority of its iron ore to China, so it makes sense for the stock to be listed in Hong Kong.

The share buyback is warranted by the modest valuation and strong cash flow (#msg-53592743).

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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