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Cliffs Natural Resources Inc. Message Board

  • vipinkot47 vipinkot47 Jan 25, 2013 10:05 AM Flag

    This POS is Going Down Again...

    Taking a huge write down doesn't seem to help the CLF stock. Its down again today in $35's. Nothing seems to help CLF...the high price of Iron ore or increased volume of metallurgical coal. Its their stupid management. The mining cost are much higher than those of BHP, RIO or Vale and on top of that their overhead cost MUST be Lowered. Get rid of FAT payroll and management take a 10%-20% pay cut and forfeit the bonuses untill the company gets back into black.

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CLF
4.55-0.26(-5.41%)Apr 1 4:03 PMEDT