Even as Vale (VALE) shares slide near a 52-week low, Citi's Alexander Hacking says it's not yet...

|About: Vale S.A. (VALE)|By:, SA News Editor

Even as Vale (VALE) shares slide near a 52-week low, Citi's Alexander Hacking says it's not yet time to buy, even as it is his preferred LatAm metals and mining stock. Annualized operating cash flow is sub-$10B vs. Vale’s proposed $27B of capex and dividends in 2012; Citi sees the biggest challenge as Vale’s spending, not the drop in iron ore prices.