Replies to post #608 on Vale SA (VALE)

[The_Truth_NL]

Well, as of tomorrow, March 1st, the company is paying out the annual (and optional) bonuses to ALL employees across the globe, and it’s at the highest percentage in years. 10’s of millions of dollars.
However, they did not pay the annual bonus to their VP level employees, but that was more of a public relations decision made not long after the tragedy.
So, if they were in any kind of financial trouble, it would have been reduced or not paid out at all.
This company is flush with cash. It’s well known that their cash reserves are in the low billions. This stock is a solid buy at this price, in my opinion.