CapEx is Not a part of EBITDA... only Interest, depreciation and amortization and taxes are deducted form the EBITDA to get to the net earnings. EBITDA value is after Capex and SG&A expenses and the cost of goods and their transportation, maintenance cost of Plants etc. etc. are deducted.
I don't think so. At $6 or under, Its a steal. as Q-3 earnings date nears, CLF will make a move on the upside and it may get to $8 B4 the earnings date.
Look what happened to people who were shorting BBY . It reported much better earnings today, and the stock rocketed 20%. I would think same thing will happen to CLF. They will beat Q-3 earnings est. by a wide margin and lots of Shorts will be covering
APIO in Q-3 will be Cash Flow Positive and likely to add to the earnings bottom line as long as IO stays above $55/MT
2016 EBITDA $550 mil minus $180 mil interest minus $120 mil D &A = $200 mil profit B4 taxes .as taxes are NMF due to all the write downs, Net earnings will be $200 mil divided by 183 mil shares. That Gives $1.10/sh and this is close to VL's E.est of $1.13 /sh for 2016. But earnings es.t goes down in 2017 to $0.41 when write downs are used up
It CLF can get $300mil for APIO mines, They should take and run with it.Yes, the buyer can extend the life of the mines with investing some more capital.
VL says $180 mil in interest and earnings of $1.13 in 2016 but 2017 E..est is very low ($0.41) like what skiidady mentioned here. Any reason why 2017 Earnings could be that low?
Try to stick to CLF related stuff. Only thing I can say about Mr.trump is that if he is somehow gets elected President, the climate about Manufacturing in USA will Improve significantly. With him insulting just about anyone who disagrees with him and his bashing of all minorities gives him a very little chance of being elected President.
2016 earnings...... $1.13
2016 Cash Flow.....$1.40
Dep & Amort.........$120 mil
Fed taxes.............Not Meaningful
plaus.. you are crazy. get lost!! I have known this Board a hell longer than you can imagine and been Long . I was trying to make some sense that This stock has not been in good grace with WS and Analysts ever since 2013 and gets bashed around whenever they choose..
No matter what they do or their earnings are or Higher IO price. WS and Analysts just hate this stock and bash it every time they get the chance. Otherwise how could the stock lose 28% in 6 trading days while DOW has remained about the same. Lots of manipulation and shorting by big Boys and Secondary adds more fuel to the fire in driving down the price.
I agree .CLF doesn't need another Secondary very soon.. but who knows. LG is on a crusade to keep lowering the debt and I would not be surprised if he comes out with another Secondary in a year from now.Hope the remaining debt comes out of the Cash Flow SLOWLY. In 2016. Earnings should amount to $200mil and he can use $100 mil out of this to further pay down the debt.
Down almost 4% now at$6.09. Can it go under $6 today by the close? Hope Not . I have written $6 Strike 8/19 expiration Puts and prepared to buy shares at $6 tomorrow if gets assigned.