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Cliffs Natural Resources Inc. Message Board

  • philchen6180 philchen6180 Mar 24, 2013 3:16 AM Flag

    This company is not going to BK anytime soon

    If you have a rev but no profits and loss money every quarter i can see they stock going to BK. They are not losing money but making money every quarter. They are expecting to earn $1.79 per share ending 2013 $2.29 2014. With divided cut to 15% I can see how much money they can save up during the 2 years.

    Short might be winning now but Long would winner at the end. Im long in CLF just like LGF which i bought in at 13.23. Once the economy starts jumping up we see high demand on iron ore.

 
CLF
5.27-0.12(-2.23%)Apr 29 4:01 PMEDT