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RIO - Rio Tinto - Wait For Short-Term Opportunities To Buy This Long-Term Bargain
Rio Tinto Plc
To analyze Rio Tinto (RIO) you have to analyze iron ore. Only a long-term look at iron ore fundamentals, demand and supply dynamics, production costs and technological developments can tell you whether RIO is a good buy at current levels. RIO is a company that owns excellent low cost assets, so it is definitely a good business, but you need to buy it at the right price to achieve good returns. Therefore, we have to combine a long-term fundamental approach with a behavioral analysis of the market's attitude towards companies like RIO.