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Cliffs Natural Resources Inc. Message Board

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  • w999surf w999surf Feb 12, 2013 9:41 PM Flag

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

    The paid for that operation at some point and that cost was taken off their income, they then sold it for more than they paid for it and the result was a net income. In my book, when you buy something and sell it for more, that is income!

 
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