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 a large global miner and the world’s largest producer of iron ore and pellets. In recent years the company has sold noncore assets such as its fertiliser, coal, and steel operations to concentrate on iron ore, nickel, and copper. Earnings are dominated by the bulk materials division, primarily iron ore and iron ore pellets. The base metals division is much smaller, consisting of nickel mines and smelters along with copper mines producing copper in concentrate.
A quick look at the price chart below shows us that the stock is down 10.42% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 4.50 which means that it remains undervalued.
(Shares)
Ken Fisher – 18,049,028
Howard Marks – 8,372,867
Israel Englander – 7,766,305
Ken Griffin – 3,038,282
Clif Asness – 643,737
Bill Miller – 390,001
Louis Bacon – 350,748
Steve Cohen – 300,000
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