ESSAR was its own worst enemy. Unlike LG, they were very incompetent and could not handle when Steel prices tanked and they could Not compete and could not pay back the money the State of Minn loaned them.... as simple as that and filed for BK.. It has nothing to do with racism.
Yes ..we should invite LG and KT(CFO) to the party near Cleveland area...Let CLF reach $20 atleast and party begin
ca..Ty but it s a long process..may be I wll bring up later.. CLF's Q-2 is generally strong. Value Line has Q-2 E. est of $0.20
CLF's Market Cap now exceeds $1.0 B.. actually $1.1B.. not to shabby and has come a long ways from $250 mil Mkt Cap not too long ago.
oht.. you fall flat on your butt. You bought at $10 and then sold them at $5 and went short and got burned both ways. Not a good way to make money.
lishe your wise posts are always welcomed here. You post generally when you know something and have those news.
redshaw and dispostion are also other old timers.
ironorestrong, oracleofknowledge , thedeathrace, mlefkowitz, allcarry , ohtegun are also other relative old timers that I know. I am sure I may have missed some others too. All comments are appreciated unless they are totally stupid and made w/o any knowledge of the CLF company and/or their operations.
Special thanks to ironore and hrm for reporting Fresh SB IO prices generally on a daily basis. Good Luck all Longs. If this baby gets to over $25,, we should plan a CLF party somewhere in a central place in the
WOW.. CLF crossed $6 in a big way but too bad it just couldn't hold above $6 today. But it will get there tomorrow or for sure next week. Things are Looking GOOD for CLF.
SP at $5.87 up 6 teenies in pre-mkt. .You know ..CLF may pass $6 mark before the week is over. LG is doing a fantastic job. Good Luck all Longs. C ya at the end of the day. Good to see here all the old timers posting here with all their wisdom.
counting on dat steak dinner. in Sept. some times ... atrue. I think CLF has seen the lows. Everyone is now for bringing more MFG job back to USA and thats good for Steel industry and CLF
Lishe, surf , imagine , atrue... good to see you back on this Board. If Trump wins the Election, I think this baby will fly and I would NOT be surprised once the debt is gone, It can produce $3 /sh earnings. At
conservative P/E of 10, this stock has a potential to get to $30 in next 18 months. It is trying to stabilize here in $5-$6 range before making a move to $7 prior to Q-2 earnings date...IMO. oht, crazy solarman and
believe_ seem to have gone now for ever.
surf.. I think you are too optimist. I don't think we see $50, $70 or $100 again for CLF. Commodities will never get that high again. I will sell all my 10K shares if CLF gets to $25-$30 and run for the exit. surf... Good to see you here posting again.
CLF trading up 11 cents at $5.85 in pre-mkt It needs to stabilize here before making a move to $7 as Q-2 earnings date gets closer. All those Shorts including oht, solaman and believe_ now disappeared... lol.
Good Luck all Longs
CLF has a Strong upward movement, Shorts getting scared and covering and Strong RSI now will propel this stock to above $6.. which might even happen today before the close
This is so amazing.. ready to cross almost $6 mark. If not today, will happen next week. With all huge cost
cutting in S,G&A and CapEx,, any sales increase of IO will explode the Gross margins and Hence the Cash Flow and Earnings.