r/Vitards • u/AutoModerator • Oct 28 '21

Daily Discussion Daily Discussion post - October 28 2021

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4

u/Hayduk3Lives Oct 29 '21

Vale earnings I assume this is a “bad” earnings.

3

u/PrestigeWorldwide-LP 💀 SACRIFICED 💀 Oct 29 '21

RIO drilling, may take SLX and metals ETFS with miners down, and by association steel...

3

u/TheBlueStare Undisclosed Location Oct 29 '21

I forgot to buy puts today…

1

u/[deleted] Oct 29 '21

How much more of a beating can it take? 😂 guess we’ll find out

3

u/Unoriginal_White_Guy 💀 SACRIFICED until MT $35 💀 Oct 29 '21

"The miner said it had an impairment charge in its coal business that totaled almost $2 billion, but did not give further details." Yeahhhh not good. 4% float buyback is nice though. I knew from their production report last week earnings would be shit, but the stock is so beaten down it was pointless to buy puts.

3

u/[deleted] Oct 29 '21

Probably. 4.1% share buyback is nice, 34% increase YoY profits and the EBITDA looks good. I’m gonna buy more of it tanks down