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No happy ending? My Vale Journey
Published 3 months, 1 week ago
Description
I valued Vale in November 2014 and bought the stock because it was under valued. When the stock dropped 25% in April 2015, I revalued it again and found a value reason to hold on. It is now September and the stock has dropped another 20%. Revaluing it now, I have to sell, though I so, so want to hold on.
Blog post: http://bit.ly/1JuCnT6
Slides: http://www.stern.nyu.edu/~adamodar/pdfiles/blog/ValeTheEnd.pdf
Vale Valuation in September 2015: http://www.stern.nyu.edu/~adamodar/pc/blog/ValeSept2015.xls
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