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Strategies & Market Trends : Value Investing

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To: bruwin who wrote (68283)	8/10/2021 8:34:59 AM
From: E_K_S	Read Replies (2) of 78752

Thanks for the update. My 2nd largest position in the portfolio is BHP (also a miner w/ iron ore) and this was my Father's doing as for him they maintained their value w/ assets they owned under the ground. Vale is similar and for me, provides an excellent way to diversify out of an over weighted BHP position into another company w/i the same sector. I do have a huge capital gain in BHP but worth taking the tax hit to make the portfolio move. I like that w/ VALE you also get a steel producer which s/d benefit w/ the proposed infrastructure bill shovel ready projects. You are buying at a PE<10 and get a 7% div payer. --------------------------------------------------------------------------------

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