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Cliffs Natural Resources Inc. Message Board

  • rlbeard6734 rlbeard6734 Feb 12, 2013 5:47 PM Flag

    how to value this stock

    they just wrote off one fourth of book value and cut dividend, personally I would feel that based on closing price that this should go to $24 to $27 which would then yield almost 2.5% and that is still a stretch except IO prices are higher and this could improve but I would have to look at stockpiles and see if they sold off inventory and this inflated the earnings after write-offs. The Board of Directors has finally stepped forward and done what was needed now the sell off then a chance of recovery, but get out of the way if you can until fundamental change. Of course i have been saying this since $93

    Sentiment: Sell

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1.85+0.01(+0.54%)Feb 8 4:00 PMEST