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Cliffs Natural Resources Inc. Message Board

  • fahq1990 fahq1990 Feb 12, 2013 6:35 PM Flag

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

    Time to dump before single digits... This pig is toast,, good news is mgmt can finally get out of Cleveland!!!

    Sentiment: Strong Sell

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    • Lets see, according to the balance sheet they have $195 million in cash and $105 million in tax refunds due. Then with the $1.2 billion loss, they should be able to process an NOL to capture another $300 million in tax refunds or reduce their future tax liabilities. Their long term debt is no way near $5 billion and will be paid down through their preferred and common stock offerings.

      They beat on both the top and bottom line estimates and are taking the right steps to build their business as the recovery gains steam. It is clear the sellers are not reading the full results.

      Sentiment: Buy

8.02+0.91(+12.80%)Jul 26 4:04 PMEDT