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 shows us that the stock is down 17% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 3.10, which means that it remains undervalued.
(Source: @ycharts)
Superinvestors who currently hold positions in the company include:
(Shares)
Ken Fisher – 30,978,681
Cliff Asness – 12,507,267
Jim Simons – 8,999,759
Howard Marks – 7,668,042
Jeremy Grantham – 2,552,477
Ken Griffin – 741,639
Bill Miller – 725,000
Israel Englander – 476,277
Jim O’Shaughnessy – 386,661
Wally Weitz – 175,000
Lee Ainslie – 10,073
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