haha you might be onto something here. I would like to get back in but am being super careful right now as the narrative around iron ore seemed to turn almost too quickly and exuberantly. watching this 4.70 level closely though
It just grew revenues at 28% or the highest pace since 2nd quarter of 2012....
The fact you are trying to use price to earnings to value this company says all I need to know about your investment capabilities and opinions.
ya I'm going to give it some time to sort itself out but the way it is trading today I could see it going positive into end of trading
exactly - the original poster is assuming that LG knew that iron ore prices would recover as they have in 2016. this is not a valid assumption
you are right I don't know what the conditions would be. neither do you. however, CLF management sure does so don't you think it is telling that they opted not to go that route?
do you understand that the lender will require potentially burdensome covenants in order to protect themselves? you make it sound so simple as though it's just "let's take this free money with no strings attached and pay down this debt over here....eureka no more debt!!!!" #delusional
haha this is my new favorite msg board. ya that's it the extra day from leap year and some normalization of a historically strong US dollar is how amazon beat on revenue hahaha. you shorts are really desperate huh?
do you have access to factset? they released a raw transcript today - only issue is that LG's accent does make some of the translations incorrect.