ehabob

Vale Results Leave Much To Be Desired - and Explained

Vale's results were in line until they got to the interest expense section, when they all of a sudden lost $500,000,000.00. Can you say the cost of the line of credit for the failed and ill conceived Xstrata deal. You don't get a $50 Billion line of credit for free, but $500 million wasted on this almost 6 month long quest.... I hate to think what the terms of that deal's financing would have been.