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 (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 30% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 3.00, which means that it remains undervalued.
Superinvestors who currently hold positions in the company include:
(Shares)
Ken Fisher – 28,687,209
Cliff Asness – 9,142,394
Howard Marks – 7,796,846
Ken Griffin – 2,248,508
Jim Simons – 1,209,759
Israel Englander – 1,196,751
Bill Miller – 580,500
Jim O’Shaughnessy – 546,372
Steve Cohen – 357,700
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