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Cliffs Natural Resources Inc. Message Board

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  • w999surf w999surf Feb 12, 2013 9:04 PM Flag

    lets see... $36 M in cash, over $5 B in debt? lowered dividend... HMMM

    I agree, cutting the dividend should be good for the price. The issuing of new stock is a problem unless it is used to pay off debt. By increasing the stock float and decreasing debt by the same amount should give you a net-net in the short term. By eliminating interest payments, that should have a positive effect on the bottom line.

    The problem today is simply the headlines! They are going to drive the stock price over the next few days and then it will turn around.

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    • I agree, there are or can be some longer term positives in these actions. The dividend cut was plain overdue at these levels, IMO.

      The shorter term trade momentum will be negative but assuming it will be hopeless/futureless is just distortional. Big players can/will buy the future outlook on this retrace.

      Heck if I know what level but I expect a wild ride the next two to three days.
      JMHO GL

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