They are all morons who don't know or don't wanna know that CLF has come a long way. Hope they get all destroyed.
Whatever... as long as SP keeps moving up, its great. I think we should see SP between $6.50 and $7.00 by the end of this week and then by Wednesday 10/26 close, it may be around $7.50-$8.00 before the earnings are announced on Thursday 10/27 before the markets open,
Sentiment: Strong Buy
CLF finally begins to move up. SP up 4.4% so far today at $5.58.... good going . now time to get over $6 soon.
That MF Goldman Sachs keeps saying this for last 2 years and they had earlier even predicted IO to be under $30. Bunch of Con artists for sure.
lishe.. yes, the Short Interest is as of 9/30 and 2 weeks before. But what surprises me is just about all S&P, VL and others on WS are raising the price target and Q-3 earnings are only 8 business days away and this time CLF has made NO upward move that is very puzzling. Good to see your input here.
He is bad mouthing and targets TWTR's price at $14.. Wish CNBC will remove him.. that SOB!! TWTR
around $16.50 now. This a great "unpolished Jewel" that has been destroyed by Dorsey and his stupid
Cleveland Plain Dealer reported MT saying this week that their Steel Mill will suffer "Catastrophic Harm" if the Federal Judge doesn't immediately order the Army Corps of Engineers to dredge the Cuyahoga River shipping channel.
If the Army Engineers fail to dredge this Fall, the steel mill could be forced to curtail or even shut down their Blast Furnaces without the raw materials necessary to make steel, the Company lawyers said in a Motion filed in US District Court.
As sediment has built up in the shipping channel, the cargo ships have been compelled to lighten their loads to prevent being bottoming out or becoming stuck in the river. Due to the lighter loads, Steel mills' inventory of Iron Ore Pellets has reached the critically LOW LEVEL..the motion said.
"Each passing day decreases the likelihood that MT will be able to recover from the inventory shortfall
without having to curtail or idle its plant" the motion said further.
same here .Much tied up to get out now. Hope the forward
guidance by LG in CC is good.
hey clfcomeback.. imagine has a valid point. When WS and Analysts are
expecting something like $1 in earnings for 2016, Its puzzling that why stock is stuck in $5 range. It doesn't make any sense. Every thing is going CLF's way and still Shorts are NOT afraid. IO price is at a decent level for both USIO and APIO to make profit, Costs are reduced drastically, there is nothing out there that is putting pressure on CLF's Cash Flow .. so what gives??? Its down 35% now from high of $8.45 3 months ago. May be LG needs to come out and dance in his undiessssssssssss. That might do some magic...lol
SP sinking like a skunk and No volume. Can't guess whats going on here with less than 2 weeks to for Q-3E.
What a POS.!! Shorts seem to be circling LG and laughing out loud.
SP up 3 cents in pre-mkt at $5.43. This stock needs to make a move up now that Earnings are less than 2 weeks away. IO price is holding up in upper $50's and earnings from both USIO and APIO should be
decent. Good Luck all Longs!! C ya later.
RIO and BHP are nearly 90% involved with China steel while CLF only sends a small amount of IO from their APIO operation. CLF's major interest is US IO operations in NA..
This is an old story about IO glut. But CLF can still make money even with IO at $40 since their SG&A and CapEx are so low now. Also with Magnetation and Essar mines closing, CLF should have the most of the NA IO business. Also no matter who becomes the President, we should see a huge Infrastructure spending which should use a lot of US made Steel and IO..IMO
There is a consensus on the WS that CLF's Q-3 earnings will be around $0.20-$0.25 per share and still the stock lost some 5.5% from this this very low level today. Wonder who is shorting at this dangerous low level near the earnings date?? I am frankly baffled.
Matt.. No offense but they had much higher EBITDA in the past than $168 mil and kept reporting overall losses. Even with $500 mil plus EBITDA, they will be lucky to report $150mil in the profit. We will see.
You are Novice and go back and learn a little about Finances. Besides interest expense, they have to deduct D&A cost and any positive earnings will be taxed and have to put aside money for Fed taxes and they need working capital for day to day operations and need money to pay down debt. Even with $550 mil EBITDA, they be lucky to pay down $100-$200 mil in LT debt yearly and produce $1/sh in earnings.