and are running for the hills.
It's not smart buying a commodity stock just for its dividend.You can make more money safely with less riskier stocks than Cliffs.Maybe part of this sell off for Cliffs is people taking the money and running with it.High yielding bank stocks are a safer play,their share price doesn't fluctuate as much as a stock like this does.
The world has definitely changed when I read banks are safer than a company with an actual tangible commodity....its true but still a head scratcher.
I'm in for long hold especially buying here in low 40(s)..have been buying since @48,@44,@40 and @38 IF i see 40 again will buy more..I expect to see us around 60-65 if not more by EOY
Agreed -- Short-termers likely selling after getting the expected dividend in their pockets.These cheaper shares will now most likely go into stronger hands. Let's see where we are at come Labor Day weekend.That may be when short-termers start climbing over top of one another like hyenas to get back in.