I'm bullish on global miners like Vale, (NYSE: VALE) Rio Tinto, (NYSE: RIO), Teck Resources, (NYSE: TCK) and Xstrata, (LSE: XTA). Vale is my favorite with its 6.9% dividend yield and dominant position in iron ore. However, now that BHP, (NYSE: BHP), has released its FY 6/30/12 earnings, I'm growing to like it as well. BHP doesn't have the upside of say a Vale more »
Vale (NYSE: VALE) screens cheap, has a 6.5% dividend yield, is the largest iron ore producer in the world, has a forecast 2013 EBITDA margin of 45% and has deployed the most growth capital of its peers. I wrote an article 2 weeks ago, in which I stated that there are multiple ways to win with an investment in Vale.
"Reduced CAPEX in 2013-14 will free up significant cash more »
Over the past few weeks I've written some positive articles on global diversified miners -- namely BHP (NYSE: BHP), Vale (NYSE: VALE), Rio Tinto (NYSE: RIO) and Anglo American (LSE: AAL). A smaller but still global diversified miner of iron ore and ferrochrome is ENRC (LSE: ENRC).
ENRC reported largely in-line 1h 2012 earnings last week. However there were some red flags. Net debt was up more than expected to more »