allcarry.. I agree. Will have to wait till Q-3 CC and what earnings look like and how the CC goes. There are several positives here. LT contract with MT, Higher IO price around $60/Mt, and more steel production in USA will all help sell more US IO and all this hype now about bringing MFG back to USA.. Still I feel the SP has been taken to woodshed with Secondary offering and relentless attacks by Shorts.
You are a #! idiot and don't know a F* thing about this company. Debt is around $2.0B (not$3.1B)and they will have earnings above $1 /sh in 2016. No chance for BK.. Go ahead keep shorting and lose your money.
SP in danger of going under $6. Down 2.7% already now. LG needs to come out and say something about the Secondary and present another outlook going forward.
It should happen soon as they reduce debt under $2.0B and Mkt Cap surpasses $1.5B. Once Moody's upgrades CLF , the SP may get to $7.5 easy.
You may be right. SP tanked over5% today at $6.35. I think this stock will not move up until it gets closer to the Q-3 EARNINGS DATE.
Moody's reviewing CLF's finances for a possible upgrade. If this happens soon, the SP will certainly rise at least by a Point.
But its up today and all my other stocks up big too. CLF needs to digest some gains in the light of the Secondary
Why would they shut down? MNGT can put up TWTR for sale and it can fetch $25-$28/sh plus from GOOGL or MSFT or any other foreign company. If Yahoo can get super price from VZ and still retain a lot for their own, TWTR can do even better as its a worldwide known name. Its just that this MNGT of Jck Dorsey doesn't know the head from hole and so F* incompetent.
CLF at P/E of only 10.5 and 2016 E. est $1.13 and 2017 E.est $0.41. Damage to SP is way overdone. Hope LG realize this .All talk in this country even from Hillary is now to bring back MFG here and that includes STEEL. Hope SP can get in $7 next week.
CLF down 25% in a week. due to Secondary ..wrong time to offer more shares and cause dilution. .Mkt Cap about the same as it was a week ago even with 51 mil more shares.