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.
The flipside of Secondary Offering is that if they bring 2 more Secondaries and reduce debt another $600 mil down to $1.4 B, It will bring outstanding shares like you said around 300 mil, but will save another $40mil -$50 mil in Interest and improve earnings better. Eventually stock can trade around $10 sometimes in 2017..in spite of additional Secondaries.
Good riddance. I liked oht though. He was civil...but solarmanmike, believe- and nick are jerks and they posted w/o any depth of knowledge or consideration for other Longs here.
BHP reported a LOSS of $6.4 B for the Fiscal Year ended June 30, 2016...much of the loss was due to the write down for Samarco Mine Disaster.
Nick's posts were NOT materially truthful and he boasted a lot and sometimes played both sides of Long and short.. smallercap!!
Do your math again. Debt now $2 B and EBITDA of $500 mil. That gives a ratio of $4 :1 which is very acceptable..
D and A.....$120 mil
Fed Taxes... Zero or Not Meaningful (NMF) for Yr 2016
Net Income..$200 mil approx.or $1.10/sh ($200mil/183 mil shares).. VL E.est .of $1.13/sh for 2016
Would be good to Sell $6 Strike 8/19 weekly puts early tomorrow and be prepared to buy if close under $6 and stock is PUT to you. Worth taking a gamble!!
SP up less than 1% on close at $6.33. This stock is under pressure due to Secondary and more shares now available to short.. The SP will meander around close to $7 until approaching the Q-3 earnings date and then start to move up...IMO
SP up 3% at $6.49 in Pre-Mkt. This is a good sign and hope it has stabilized after the Secondary now and begins to move up. Good Luck all Longs!! C ya later.
Can't wait for Moody's Upgrade..It will be a great catalyst to push SP higher before Q-3 earnings are out.