You (we) would get peanuts compared to the millions the law firm would make.
Look at settlements with other companies in the past. Stock holders best interest in
My opinion is hold for recovery in stock price. The portfolio of properties is outstanding
In my opinion. DD.
Oversold and undervalued. Tax selling and manipulation brought it down. The real estate is valuable and
Producing excellent income. Finally stock holders get what they wanted (clean house) get new management
That is not tainted. Economy recovering and rents going up. If you can not take the heat sell and move on.
Good luck to all.
Sentiment: Strong Buy
Management is making a good business decision regarding the div. rate. They also point out that they may need additional dividend to qualify if income increases. You are still receiving at least 10%. I praise management for this move. Longs will do well.
Lost almost $30,000 in this stock last year and glad I sold in December of 2013 or loss would be greater. I would only buy again under $5.00
I have not seen any improvement in leadership and losses continue. Sorry for longs as I feel your pain.
Tax loss selling may bring it down much lower. Throw the dice.
They are always late with downgrades. Maybe someone wants to buy it cheep for their Charitable Trust so they downgrade and hope it goes down. Wall Strret knows how to hurt the retail investor.
24/7 Wall St has previously covered the struggle that the company has been going through, and from what we’ve seen it seems like an “I told you so” moment from analysts:
Citigroup downgraded Cliffs to a Sell rating from Neutral and lowered the price target to $5 from $16 on October 20.
Nomura downgraded Cliffs to Reduce from Neutral with a price target of $5, down from $18, on October 3.
Wells Fargo has an Underperform rating for Cliffs and cut its valuation range to $4 to $7 on October 1
Read more: Is Cliffs Natural Resources Getting Close to Falling off the Cliff? (NYSE: CLF) - 24/7 Wall St. http://247wallst.com/commodities-metals/2014/11/19/is-cliffs-natural-resources-getting-close-to-falling-off-the-cliff/#ixzz3JXS17yz1
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It will take at least a year for the coal to clear out if the air.
Have to agree with you. The report also informs on the annual cost over years to wind this operation down. Looks worse by the minute.
Separately, CLF lost an arbitration case against a former Bloom Lake customer and the customer was awarded damages of $71 mln plus legal fees. This is not in our model.
We are reiterating our Sell based on our forecast for iron ore to average $65/tonne for 2015-16. While today’s announcement is specific to Bloom Lake, the company’s Australia mines are also at risk of closure.
The debt-to-equity ratio is very high at 105.77 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. Along with this, the company manages to maintain a quick ratio of 0.39, which clearly demonstrates the inability to co
Stop assuming what people did or didn't do. If you would have left out one of the words in your post you would be more credible. Why do you have so much anger?
I took a beating in this stock last December with a huge loss. Learned a lesson and thank God I sold in Dec. 2013. Will consider a small buy when and if it goes to $5.00. I feel for all the longs and hope for you that it stabilizes and does not go to $5.00. Good luck.