Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:
Vale SA (NYSE: VALE)
Vale is the world’s largest iron ore miner and one of the largest diversified miners, along with BHP and Rio Tinto. Earnings are dominated by the bulk materials division, primarily iron ore and iron ore pellets, with minor contributions from iron ore proxies, including manganese and coal. The base metals division is much smaller, primarily consisting of nickel mines and smelters with a small contribution from copper.
A quick look at the price chart below for Vale shows us that the stock is up 121% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 6.90, which means that it remains undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in Vale include:
(Shares)
Ken Fisher – 40,304,435
Cliff Asness – 8,767,055
Howard Marks – 6,756,996
Israel Englander – 3,337,209
Ken Griffin – 2,131,594
Steve Cohen – 976,600
Stanley Druckenmiller – 691,012
Jim O’Shaughnessy – 31,309
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