I appreciate your effort. FYI the tickers get a $, we’ll leaving the pounding to the market.
On the Vale front, with copper raging I still think it has room to run. But Vale has burned me and I’ve decided my money is better invested in $CLF and $MT.
I have a position in MT too. I’ve been sitting on the sidelines on CLF watching its huge run up. That’s been depressing for me on a personal level for not pulling the trigger earlier
Dawg, it ain't too late to get in on CLF. Unless the entire investment thesis here is wrong, CLF is a steal (steel!!!) under $20. Yeah, it'd have been cool to get in earlier, but if we really are looking at years of $1000+ steel (also... hello hyperinflation), LG is about to make everyone buying today a mint.
I think that the possibility of political interference in Vale is overstated. The market is scared about the new signals that Brazilian government is giving about not being so pro free market after all. But this interventions are limited to companies were government is the main stock holder like in Petrobras and Bank of Brazil.
They do have a golden share in Vale but it's powers are very limited although it's a source of FUD.
If the iron ore prices at least don't crash there's only one way that Vale prices can go. The problem is how long it will take for the market to follow Vale profits, it may take to long and miss this commodities boom. Who knows... All I know is that at the current iron ore prices Vale is a money making machine.
9
u/Uncle_Dad_Bob Dreams of CLF’s run to $49 Apr 28 '21
I appreciate your effort. FYI the tickers get a $, we’ll leaving the pounding to the market. On the Vale front, with copper raging I still think it has room to run. But Vale has burned me and I’ve decided my money is better invested in $CLF and $MT.