Sunday, November 9, 2014

Rio Tinto Shares Remain Undervalued

As we head into the trading week of November 10, 2014, shares of Rio Tinto remain undervalued.  In a Reuters interview with its CEO, it is noted that the production cost of iron ore for Rio Tinto is about $20 per ton.  The low price in iron ore is not affecting Rio Tinto too much as a result, and it is able to increase production to gain market share.  This is going to pay dividends over the long-term in my opinion, and I am looking forward to a likely share dividend increase in 2015.  Long RIO.

No comments:

Post a Comment