and I dont get it why the stock down so much even the market is down big. this company will have great earnings with IO price in $130-$150 in Q-1 2013 . It reported OE of $$0.41 in q-4,12 when IO was well under $100.. more like $85-$90. so do the MATH. Also their balance sheet is much better now and since the divy is cut drastically, they should retain a huge amount of cash. So why so much passisism
Well said I totally agree hedgeies got one more beat down they are ready to make money on clf the set the earnings bar so low when we beat big next week clf should fly. No doubt cutting the dividend opened up a lot of cashflow I'm ready to rock!
Wall street is the big boys playground. Show any sign of weakness and the bullies come from all around to pick on you. The stock price has nothing to do with the company. The price will rise again. In time it will be a favorite again. I would guess Third Q of this year. Sit tight. If you can afford to hold then hold. I'm watching this one and waiting to get in. Cramer told everyone to buy this one too soon. I bit then got out quickly seeing that it was going the wrong way. But this will be a great buy when the timing is right. Timing is everything!