The name of the company is Vale, they're steel manufacturers. This company has had fantastic growth and is still undervalued with only a 5 ev /ebitda still!
Their stock got beat down all the way to $2 a share but they have made an amazing comeback, obtaining around 600% in two years. All the indicators point towards with a nice little profit target of around $17 a share (Range of 16.50-17.50). This target obviously depends on coming out soon and although I can't give a specific time frame, I know that a 20% minimum target really helps improve my likelihood of investing in it.
It's important to use more than when investing. Although I love to use , I don't just look at any stock and hope that it works out. Using EXCLUSIVELY is like a pitcher who only throws a fastball; doesn't matter how good it is, eventually, some batter is gonna come up and bite you in the ass with a homer. Value investing is a fantastic tool and helps make sure that you don't invest too early when value investing (Which I think is the biggest flaw of just using value investing)! So I absolutely recommend you guys broaden your repertoire to help increase confirmation of stock setups!
I think this company is set up for some good things here, but don't invest before in 8 days. Way too risky of a move.
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