Comments on: Hot Stocks: Despite Lowered Target, Vale Still Poses Potential 59% Gain, Analyst Says

By: Hot Stocks: Despite Lowered Target, Vale Still Poses Potential 59 … | Business News

Thu, 20 Nov 2008 10:07:48 +0000

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By: Hot Stocks: Despite Lowered Target, Vale Still Poses Potential 59 … | forexaud.com

Thu, 20 Nov 2008 07:02:57 +0000

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By: Hot Stocks: Citigroup to Buy Back Billions in SIV Assets, May Face Another Write-Down

Thu, 20 Nov 2008 01:07:11 +0000

[...] “Hot Stocks” feature has most recently chronicled developments involving Companhia Vale do Rio Doce (ADR: RIO), the world’s biggest iron-ore producer, and Priceline.com Inc. (PCLN), the [...]

By: Matt Leahy

Matt Leahy — Wed, 19 Nov 2008 21:53:05 +0000

I feel like any reduction in proce targets right now are fairly meaningless. A company like Vale, which is exposed to a commodity, iron ore, is falling rapidly. Therefore, I dont think its fair to say with any amount of certainty where Vale should be trading a year from now. I understand that its an analyst job to atempt to model that future price, but its certainly no guarantee. With its main products falling so fast, its very difficult to model Vale at this time. It could be $10 or $40 next year, its really uncertain.