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Cliffs Natural Resources Inc. Message Board

  • only_de_troof only_de_troof Oct 4, 2013 12:22 PM Flag

    Surf, lucetteo, Joe, Skitlle, and others: CLF cost question....

    If you look at the "Income Statement" - quarterly version - listed by Yahoo Finance, SG&A operating expenses for last quarter were ZERO....! (If fact, less than zero, with $6.4M credit, I believe....)

    Obviously that will not happen again, right...???

    It would make a BIG difference if that number came in at $74,700,000 as it did in Q3 last year, or even the $46.9M number of May...

    Would hurt this Q's bottom line significantly, no...?!?

    What are your thoughts/guesses on that number for this Q, and how will it affect the $1.20+ net income guess many of us have made......?!?? Thanks.

    Sentiment: Buy

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