TRI Stock of the Day (RIO)
June 25, 2008
Companhia Vale Do Rio (RIO) finished the trading day up $.61/share or 1.74% to achieve a closing price of $35.67/share. CVRD is a Brazilian steel company that trades as an ADR (American Depositary Receipt) which is a foreign company that trades on one of the U.S. exchanges. Steel demand has been exploding as a result of high demand from emerging markets and should continue to remain strong. This has been one of the main reasons behind the surge in CVRD’s stock price. CVRD carries a PE of 15 and an ROE of 40.
| RIO | % Gain |
| 1 Year | 61% |
| 2 Year | 224% |
| 5 Year | 1338% |
