1. Earnings going forward will be weak
2. Iron ore prices are not sustainable, and are projected to fall
3. Met coal is very weak
4. CLF will be hard pressed not to cut their dividend later in the year
5. Two key analysts have a sell rating on CLF, including Goldman.
I would consider buying CLF, but not until it returns to the late $20's.
You wish!! Tthe worse for Cliff Nat may be behind as it is taking a huge charge for year 2012 that will show a loss for the year. Thus year 2013 may be a new beginning for CLF. Iron Ore prices are much better around $150/ tonne and expected to fluctuate between $130 and $160 as China's economic growth continues in yr 2013. Metallurgical coal is less than 10% of their business .