Vale: The Police Come Calling
Vale (NYSE: VALE), based out of Brazil, is one of the biggest names in iron ore, competing with giants like Rio Tinto and BHP (NYSE: BHP). If you are interested in the space, Vale is easily one of the most important names to consider. And right now, the stock looks like a bargain. But there's so much more to understand before you jump on this relatively cheap iron ore giant. Here's a quick primer on what you need to know.
Before looking at why, let's agree that Vale's stock is on the sale rack. Shares have fallen roughly 28% over the past year, while Rio Tinto and BHP are off 1% and 3%, respectively. Clearly, investors are much less negative about Rio and BHP today.
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Source Fool.com
