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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (40716)	12/20/2010 12:04:04 PM
From: Mattyice	of 78717

Thanks for the reply, my thing is if china stops buying (2/3rds of vales iron ore goes to china) vale will have no where to ship the bulk of there iron ore no matter how cheap they produce it. I think people are missing the overvaluation of vale. They are becoming a shipping and logistics company, undergoing a very aggressive ship building program that will leave them the largest private ship fleet in the world, not JUST a low cost producer of iron ore. Best case scenarios on some estimates already has them losing money on spot rates in good times (though I take alot of numbers estimates with a grain of salt) It seems very risk for me even if china property doesn't go bust. There is alot more interesting things about vale like financing there ships with Chinese financing, and not very upfront about a whole host of other issues that they want kept secret, why I don't know. Sir Spekalot posco is on my list and a bundle of other companies. I want the worst of the worst. Especially these foreign large multinationals that are addicted to china like crack cocaine. Vales perception is alot different in reality in my opinion.

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