Buy a little here and hold it. For those of you that understand options. Buy a few contracts.
I like the April 19th $17 calls for $2.45 per share. Let's get this back up to $19.45. Come on let's do this, send the word!
The 2014 outlook for domestic iron ore producers is bright, with demand strong and prices steady or increasing, but domestic metallurgical coal producers are struggling with low prices, environmental issues and regulatory constraints.
Cliffs Natural Resources Inc., an iron ore supplier to much of the North American steel industry, expected a strong finish to 2013 and anticipates continued strength in 2014. The company reported third-quarter sales of 6.3 million tons from its U.S. operations, down slightly from 6.6 million tons in the same period a year earlier. The Cleveland-based company, which mines iron ore in Minnesota and Michigan for the domestic steel industry, expects to post U.S. iron ore sales of 22 million to 23 million tons in 2014, in line with the company’s annual average for the past five years. Cliffs pointed out that a “significant portion of U.S. iron ore volume is contracted for the next decade.” The company also expects to book sales of nearly 6 million tons from its eastern Canadian iron ore operations. Besides supplying North American steel customers with domestic iron ore, Cliffs also exported 1.8 million tons in the first three quarters of 2013, about half of it destined for customers in Europe.
Peter Kakela, a professor of resource development at Michigan State University in East Lansing and the nation’s foremost authority on domestic iron ore production, is optimistic about the industry going forward. Last year was “a pretty solid year for iron ore demand in North America ... and I don’t see any reason to ratchet those expectations down for 2014. And I certainly don’t see prices going down,” he said.
Kakela based his predictions on a North American economy that seems to be picking up steam and pent-up demand that is fueling light vehicle sales. “I know I’m wearing rose-colored glasses,” he said, “but the outlook does seem pretty good.”
I figured they were done with no news on their website. I wonder what company will be legit for their type of business. Anybody know?
I think this company has fallen by the way side. I checked the BG Medical Tech site and there hasn't been any news since Nov 2012. What happens to their 2015 vision that was written in 2012? Non existent!!!!
Growth in international markets supports cash flows
Baker Hughes stated that it expects the international rig count to grow by 10% in 2014. First data released this year showed that this prediction is likely to be fulfilled. The latest Baker Hughes International Rig Count revealed that the number of rigs increased by 186, or 3.4%, in January compared to December.
This company has no debt and has been in business for 75 years and has more of the market covered. Right now the price is below the IPO. It will probably go up $2 by Tuesday.
What is management not telling us here. Why is this trading below the IPO price? Anybody? There was no warning before earnings so how is this not a SCREAMING BUY right here?