Replies to post #1960 on The Rising Influence of Rising Affluence

[CT]

The multiple could rise to 10 or 11 times earnings, and the stock could sell at 45 or 50.

That's interesting as their forward multiple (last 3Q earnings, plus average expectation for the last qtr to be reported next month) is already around 12. Is Black thinking about earnings for all of 2011 compared to the current price?

[DewDiligence]

VALE encounters unexpected trouble at Ontario nickel plant:

http://www.reuters.com/article/2011/02/18/vale-nickel-idUSSAS00216620110218

Probably not consequential in the overall scheme of things insofar as nickel is much less important for VALE than iron ore.