Companies Shouldn't Forget What Got Them There
The following video is from Thursday's Digging for Value, in which host Alison Southwick and Motley Fool energy analysts, Taylor Muckerman and Joel South, get to the heart of the biggest stories in energy investing today.
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Don't get us wrong; Vale needs infrastructure in Brazil as much as the next miner, but what it doesn't need is the headache of keeping it up to date. It has decided that it only wants a 40% stake in its logistics business and is only 26% short of reaching this level after putting two deals together this week. Much like Vale, BHP Billiton and Rio Tinto have been shedding assets. BHP has sold or announced the sale of $5 billion worth of businesses in 2013 alone. For Rio Tinto, investors can expect "a stronger, more focussed and accountable business". For more, tune in below.
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The article Companies Shouldn't Forget What Got Them There originally appeared on Fool.com.
Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool owns shares of Companhia Vale Ads. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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