It will take time...but it will go up!!!!
This company is the example of the housing crisis of 2008....was valued way too high based on inflated commodity prices. Saw it's value drop to the bottom....meanwhile management has been doing all the right things to cut expenses, sell some non-core assets, secure long-term contracts and now that a number of other players have exited the market and prices for Iron Ore has stabilized CLF is positioned to start making money again and re-institute dividends. Will CLF ever sell for $30, $40 or $50 per share NEVER, but is it reasonable to expect that CLF will be in $10-$15 range in the next 12 months....YES!!!! In that price range this company's market cap is only $2-$3 billion which is peanuts!!!!
Smart investors will be rewarded!!! Buy now and stay long!!!!!
You sir are an idiot!!! Good luck making your margin call when this puppy hits $7...then $10...then $15.
CLF is now the dominant Iron Ore producer in NA, while it will never be Google....not body really cares...because at $15 / share market cap is only $2 billion.
My good friend...$2.0 billion is peanuts to Wall Street....it's what their janitors spend on #$%$ every year, so they won't even blink an eye when this thing hits $15/share. Now if anyone thinks this thing will be back at $50 or $60 anytime soon...then that's a different story....they're on crack like you...it won't hit $50 but it certainly won't go BK!!!
At market cap of $550M this thing is super cheap!!!!
Potential buy out option...now that the company is stable and new supply contract, this is super cheap. Wouldn't be surprised if a Chinese or Australian company make a run at CLF in the next couple of months.
Load up now and you'll be very happy in the future!!!
Sentiment: Strong Buy
My friend told me it was $75 per share!!!
Not sure $30 is really an option at this point....I think a bunch of people would be happy if this thing hits $8 by summer and $12 by the end of the year!!!!!
We need to walk before we can run here........
I hope you're right and I'm wrong!!!!!!!
And your sister went from $100 to $10 overnight!!!! What's your F*cken point idiot!!!!!!!!!!!!!!! This is not Bear Stearns or any of those other companies you mentioned!!!
I hope this think rockets back to $75 or $80 or $100, just so you get your #$%$ handed to you!!!!!!!
SEE BELOW FROM AP ARTICLE:
On a per-share basis, the Dallas-based company said it had a loss of 98 cents. Earnings, adjusted for one-time gains and costs, were 35 cents per share.
The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.
The hospital operator posted revenue of $5.03 billion in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $4.81 billion.
For the year, the company reported a loss of $140 million, or $1.41 per share, swinging to a loss in the period. Revenue was reported as $18.63 billion.
Stock move will depend on tomorrow's conference call.....I think it'll open lower and bounce back during/after the call!!! 2016 guidance is solid and 2017 should be a great year....stock move will depend if investors believe management's operational improvement plan is sustainable.
AH trading is worthless.....shorts trying to scare people!! During the market day 2.5MM shares traded....in AH 1,000 shares can swing the price wildly. As of 4:49 EST AH total volume was less than 20,000 shares.....
And issues a strong outlook for Q1 and FY2016!!! We should be back to $30 within the next week easily!!! A bunch of other metrics are all moving in the right direction!!! The worst is over for this company....2016 is a growth year and 2017 will be a big break-out year!!!
Sentiment: Strong Buy
Save this post!!!!!!!!
Sentiment: Strong Buy
They'll be on this board making up all sorts of #$%$.....BK coming, can't make debt payments, etc etc!!! None of it is true, so they'll eventually have to cover and longs will see the rewards!!!
Be patient people...this company has some really great assets.....they'll monetize a few to stabilize cash flow and strengthen the balance sheet. Once an agreement is reached by Russia, SA, Venezuela and others...oil will recover to $40-$50 which will improve P/L. We'll see oil back in the $60s by this time next year and FCX will be trading in the mid-teens!!!!
Open at about $7.0....this sale demonstrates there's value in the assets and management is willing to divest a few items to strengthen the balance sheet!!! This will give lenders confidence and investors confidence!! Expect a few more actions by management....where it goes from $7..who knows, but I wouldn't be surprised to see $10 in the next 60 days. Be patient....this is a good company which has hit some bumps.....management will do the right things to steady the ship and get things back on course. Will we see $20-$30 this year....NO....but in 2-3 years...who knows maybe!!!!
Good point regarding students.....they'll pretty much eat anything put in front of them. The store I'm referring to is in El Segundo, CA which is a major aerospace and defense area....most of the people that eat there are highly educated, so I'm guessing they've done their homework and have concluded that it's safe to eat at Chipotle.
We'll see how this turns out, but having seen a number of corporate #$%$ Ups in the past 10-15 years....recovery depends mostly on execution by management.....current management gets it....I think they'll do all the right things to turn the ship around.
Granted there better be no other food issue in the next couple of years or else all bets are off....this thing will tank!!!!!
I was just at the Chipotle in ESO, CA....long line out the door. I asked a couple of people in line with me if they cared about the E-Coli thing....they all adamantly said 'NO'. Bottom line is the place was packed as usual!!! This issue will take some time and good advertising, but will be easily forgotten in a few months.
Don't believe all the #$%$ the shorts are saying!!!! I don't think this stock will recover to $700 this year, but I'm quite sure we'll see $500-$600 in the next couple of months for sure. Save this post!!
This is a quality company with very competent management.....I have no doubt it'll recover pretty quickly!!!
THC is massively under priced.....once the market settles down...THC will be at $35 and easily at $45 by the middle of the year!!!