Analyst Estimates Being Posted Don't Look Very Good
In Yahoo Finance, under analyst estimates for CLF you will find the following: This quarter minus 57%. Next quarter minus 72%. Next year (2013) minus 16%. Next five years plus 0.61%. If we don't actually break the 52 week low of 28 , I'd be surprised if we don't test the 30 level. Congress coming to grips with the debt ceiling while CLF is posting poor earnings leads me to believe 30 will arrive shortly for CLF. That price is a more attractive entry level for purchasing CLF than todays level of about 36. Be patient. Save yourself some money by waiting.