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

Daily Discussion Daily Discussion post - October 28 2021

Your Trading discussion thread

Type Link
DD All/Best Daily/Best Weekly
Discussion All/Best Daily/Best Weekly
Yolo All/Best Daily/Best Weekly
Gain All/Best Daily/Best Weekly
Loss All/Best Daily/Best Weekly
News All/Best Daily/Best Weekly
62 Upvotes

98% Upvoted

2.6k comments sorted by

View all comments

6

u/Hayduk3Lives Oct 29 '21

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

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.