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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (51872)	7/11/2013 10:04:00 AM
From: Spekulatius	1 Recommendation Recommended By Jurgis Bekepuris Read Replies (1) \| Respond to of 78664

Re VALE, AAUKY - also with those resource companies, keep in mind that the stock prices have come back to levels that are only 20% above the prices in the depth of 2008/2009 bear market. At that point, we were looking at the possibility of great depression and raw material prices like copper, iron ore were half what they were then. This was 5 years ago and AAUKY and specifically VALE have hauled in record earnings and expanded their operations. For all practically purposes, they are more valuable companies than they were 5 years ago, the business environment (despite all the problems) is in a way better shape and yet we are paying barely higher prices for these assets. I think VALE and AAUKY are better values now than they were in 2008 at their lowest point.