Steel prices will begin to rise as China gets back after the Holidays. Their latest PMI was above 50% which shows their economy is growing.This should help the price of US manufactured steel and IO.
Earnings date is less than just 3 weeks away and CLF and LG has made a lot of progress and earnings will beat the estimates and IO price holding up well around $55.. so what gives??? Why Shorts are still in control and holding back the SP? Any comments.!!!
Ball is in LG's Court. If CLF can sell 20 plus Mil USIO per year, I think they can make $1.50/sh or above and SP can get in the low teens. He will also have to control the cost, CapEx, decrease interest expenses and expand the business in North America.. All this NOT easy to do. APIO will also have to come on the board and contribute to some profit unless he can sell that Operation.
You are too bloody optimist. WS and Shorts know more and driving down the SP. Hope it reverses soon to at least $7-$8 by the E. date
Seems like all of a sudden all the positives about CLF have been flushed down. Their image is tarnished and its time for LG to come out swinging and hit a home run.
This is based on the bearish version on IO price to be $45 in 2017 and $40 in 2018 . Their Analyst Woodworth says that CLF's positives are in the rear-view. He comes up with a price of $2 vs today's $5.60. What an AS*.
imagine... did you see GPS's stock price today? it went over $26 up over 3 points when it was upgraded to Hold from Sell by Deutsche Bank with target price of $24. Shorts were scrambling to cover. Hope something like that can happen to CLF... if we are lucky.
There is something here that WS knows and we the shareholders don't seem to know or the SP would l be
moving up and should be around $7 now as earnings date gets closer. Perhaps lowered Q-3 earnings est. may have something to do with it. Regardless, LG's CC will speak a huge volume as to going forward status of this company. SP is reversing and now down a dime at $5.47
small.. someone like Google or even SalesForce can buy TWTR for $20B and cut cost drastically. They don't need all those people. Big Company's Internal Tech people can easily handle it. It can be said they they can cut as many as 2000 in manpower and cut back on Stock based incentives and lot of perks. TWTR also has huge $3.6 B in cash which lowers the purchase price quiet a bit. A big company like Google, Disney, MSFT or CRM can make it more efficient and add more features and expand the user base. Mark my word... it will be sold with share price at least in mid $20's in next few months, and Jack Dorsey will be gone. I am holding onto my remaining 2500 shares. Have a nice day.
Glad I sold half of my TWTR yesterday above $25. But the buyer will come by the end of the year. TWTR is too good a communication tool and will find a buyer for around $26-$28..IMO
Sold 2200 that were bought under $20 at $25.10 and still hold 2500 shares and hoping it to go to $29-$32 area depending on how many Companies are bidding. SalesForce, Google and Disney are the major players.