Bonds would be wiped out as well just like stock. If there's no assets to grab, there's no assets to grab. Ask General Motors old bondlholders.
A one paragraph explanation would be great.
I just do not see BK because the nearest debt is 2018 and is $400 million. The next big one are the 2020. Also management company said they got rid of the restrictive covenant. Are people saying because of the Mittal renewal contract in 2016?
You are right but the next debt is due in 2018 then 2020. The one that worries me is the contract extension with Arcelor. It seems that Arcelor is struggling too
LG should just go back to COO. let someone with diplomatic tone, politeness and courtesy to be CEO of CLF. Yelling at analyst was not necessary
well i am not talking about message boards, I am talking about CLF investor relations department
true, I mean illegal manipulation of stock. It seems it's on a short sde
I agree, still can't believe he told analyst at wells fargo ( i believe) No I will not answer your question
I agree completely. I have said so many times. Yes it's executing on the business front but they still have to manage a little bit the stock price.
What statement am I making? I am just answering the question by smallercap about what LG could do
How about like I said yesterday that CLF mines are safer than BHP
How about re-instating the dividend on common? Maybe not as much as before but some. He said he would
How about repurchasing some stocks?
I don't there are restriction on that.
Letting your stock price being manipulated (which seems to be) is not acceptable. He lets his stock completely destroyed.
Thank you for your research, I thought you provided good analysis. Yes we will miss you. can you invite me to your group of networking group? I will to chat and discuss the company
I couldn't agree with you more. He seems to forget that he has other shareholders. He just lets this stock go down with nothing.
Oh LG doesn't care about his other shareholders, just a big Blah Blah crying baby. Wall Street takes the opportunity to take "his" stocks lower.
He replies, thank you I can buy more bonds like he owns the company
I know, that's why I wrote "not that it will help at all"