Biotech Values

[DewDiligence]

[OT]—Thanks, stuffit. The quality of VALE’s ore is sufficiently high that robust demand from Asian steel mills is a fait accompli regardless of how much other miners boost supply. The only thing that concerns me unduly about VALE is the kind of political meddling that has led to my avoiding PBR. So far, it hasn’t happened to a material degree.

HNZ is doing all the right things in emerging markets and was the subject of a recent quiz…

Q: Why did HNZ just buy a controlling stake in a Brazilian ketchup firm?

A: HNZ has little presence in South America and has a lot of catching up to do :- )

Regards, Dew