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DewDiligence

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DewDiligence

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Re: go seek post# 7416

Thursday, 08/08/2013 10:19:34 AM

Thursday, August 08, 2013 10:19:34 AM

Post# of 29406
VALE—The disparity relates to non-operating items such as the nominal change in VALE's balance-sheet items caused by changes in the exchange rate between the Brazilian Real and other currencies.

Bottom line: VALE's 2Q13 was a solid quarter. The shares are +2% today in Sao Paulo and New York.

See #msg-90797784 for further details.

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

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