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 98% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 5.79, which means that it remains undervalued.
Superinvestors who currently hold positions in Vale include:
Ken Fisher – 38,070,253
Cliff Asness – 10,381,379
Howard Marks – 6,368,157
Ken Griffin – 3,678,369
Jeremy Grantham – 1,939,700
Stanley Druckenmiller – 1,286,612
Israel Englander – 1,168,515
Steve Cohen – 272,079
Lee Ainslie – 55,249
Jim O’Shaughnessy – 38,751
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