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Cliffs Natural Resources Inc. Message Board

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  • xraven928 xraven928 Feb 13, 2012 2:57 PM Flag

    anytime i buy this for an earnings boost...

    I was looking at more macro type trends(steel/materials)- and selected a commodities type play. I'd owned CLF for yrs about 5yrs back- was a good $ generator for a while- I figure get in again...also for div pays.

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    • and those macro trends are one of the reasons I exited this at 92.50 but dont see the change to bring it back in next 9 months.

      • 1 Reply to rlbeard6734
      • NEW YORK, Feb. 13, 2012 /NEWS.GNOM.ES/ — Cliffs Natural Resources (NYS: CLF: $74) has been picked by S&P Capital IQ as its Focus Stock of the Week. CLF carries S&P Capital IQ’s highest investment recommendation of 5-STARS, or Strong Buy.

        “We view the shares of Cliffs Natural Resources as a compelling investment vehicle to benefit from a secular increase in steel consumption in Asia and ongoing consolidation of the global iron ore mining industry,” said Leo Larkin, equity analyst at S&P Capital IQ. “We think the company’s strong market position in North America‘s iron ore market provides it with a solid financial platform for expansion into Asian steel markets and the ability to fund its entry into new markets such as ferrochrome.”

1.79+0.01(+0.56%)Feb 10 4:01 PMEST