If CLF gets its Debt under $2 B and EBITDA keeps going up from year to year, They will be able to pay off their debt in 5 years. Then the stock price will skyrocket in $30's but it will never again see $100. A likely sale of APIO could also bring down debt to $1.8 B.
At $6.10 and DOW up 110 points. Yellin staying PUT on the rates depending on incoming data. We may have seen recent lows on CLF and it should begin to move up. Around $6 , Its a good Buy ..IMO
CLF's US capacity is only 25.5 mil tons and other 20 mil tons came from APIO and Bloom Lake Canadian Mines. They still sell some 11mil-12 mil MT from APIO mines. Their total sell right now is some 30mil tons. If they can get to 22 mil plus Tons of IO in USA they will be doing very well and make a lot of money
SP at $5.74 in Pre- Mkt. Nothing major. happening. Good Luck all Longs. I sent an Email to LG last night as to what is going on here with 35% drop in SP in last 10 days.
Its the MNGT stupid. Dorsey is just NTt the right guy for TWTR. Heis incompetent and cant handle 2 companies. I so wish GOOG can buy this GEM around $25/sh
VL said SKX's International growth is going gangbuster and even domestically its doing well. Just cuz they had a bad last QTR when earnings were $.50 vs est. of $0.52, is NO reason to bash this stock. Its a great stock at this price with P/E around 12 while S&P 500 P/E is close to 20. We may see SP at $30 in next 6 months. ITS DOWN FROM $52 A YEAR AGO.
There is NO reason for CLF to go down. lishe.. you should know by this time CLF does what it wants to. It has NO Realiability or Price Stability and has No friends on WS. MS,BAC,UBS and others all love to Short it. It will go up as Q-3 earnings near but after earnings are out, it will go down again. Only after the debt is down to $1B, it has no chance of a sustained advance.. and that is still a long long way. You can blame it all to Kirsch and its previous MNGT that bought Bloom Lake and other CAN assets at a very inflated price of around $4.5 B
Citi and MS are shorting CLF and steel stocks and they are hammering IO prices but its NOT happening. All commodities prices are going up as Country's mood has changed to bringing Manufacturing back to USA. We should see IO price around $70 even if Hillary gets elected. There is NO turning back here.
CLF stock NEVER behaves as a normal stock. Its always unpredictable and a biggest headache to own it. I know it as I own a ton of them. Trying to reduce my cost by writing Calls and Puts ..but its a long way to go..Never know what it will do.... and Shorts taking advantage of it and driving down the price.
You can say that again. Stock is being terribly manipulated. and Q-3 earnings is still a long way to Tipperary.