full comment I read about it without any more elaboration.
I guess we'll have to wait and see. In my views China has been slowing and has not shown stabilization. I hope he turns out to be right
Only if company management has s story to tell. If CLF comes out with PR to support a narrative that does not materialize, they likely face sever legal challenges or SEC investigations or both.
While I do not know if this is the actual case for CLF, or maybe they are merely inept, what I am saying about good investors is these firms/people are able to piece together a narrative for a stock and its future earnings and then they buy these stocks ahead of the developing story, well before the stock price appreciates.
Who has done this so far?
Sometimes you undermine the intelligence of those I am referring to. I am not talking about the masses who follow the herd. I am specifically referencing the value investor, and he/she is ignoring the CLF story for now.
Stock prices are based on current and future earnings. WS does not see how any of the news on CLF changes the current price. I would like to be wrong on my theory, and I sure hope I am. Just not sure I am.
Don't you think good investors know this? I do. So why don't they seem to care?
This is the one question we all seem to ignore over CLF. Why don't traders care?
Most are very smart people. They do not risk their money carelessly, or without careful considerations.
If you can answer the one question, which is why do they ignore all the news on CLF, including some very favorable news stories, than we may have the answer on the mystery called CLF.
Happy Easter to all
I guess we'll just see who has it right. Please, once again, explains to me how it gets to $40. Please. I won't swear at you like you just did to me. I will continue to comment. I simply will ignore dumb posts.
CLF will not achieve book value. Take out the two times CLF traded to $100, along with all of the other companies in the materials space that did the same, CLF stock price did not get above $25 on a 10 year chart. Your analysis and target is too aggressive.
The factors that drove CLF to those levels before do not exist, not will they. Housing will not achieve the levels id did up to 2007. Manufacturing is not ramping at the same levels as before. China will not build more cities without inhabitants to live in them, and so on.
Therefore, I beg you to tell me how and why CLF should trade at book value. it is a nice thought, but not anything real.
These public criticisims are excatly what CLF management must hear and deal with, but not coming from those of us on this board, as we do not impact the share price in a meaningful way.
CLF needs to hear more of it, and from a larger platform, like what is now happening from CNBC, analysts, business writers, etc.
CAS and others are sheding a necessary light on the problems at CLF, on its poor performance in the S&P, to the sector and more. This is the wake up call CLF needs to make the changes that turns things around.
If everyone remains silent, CLF would likely be okay with that and keep on operating as they were. It's ONLY been the recent exposures by those with larger platforms that has forced the hands at CLF to face its own sad reality as a stock and as a company.
I welcom the criticism with open arms. We all should be excited about that. If you really think CLF can turn around the company by its own, recent history suggests otherwise.
The Board of Directors has not yet approved the record date or 2014 Annual Meeting. Once the dates are approved, the Company will issue a press release, which will include the Annual Meeting details along with the date. The proxy will be filed after the record date will explain how to vote your shares.
Please let me know if you have any additional questions.
I know this. I posted the same info a few times. I also know WS can sniff this stuff out better than we can, and what they are smelling stinks. Do you really think they would be selling into a potential $28 open on some great news?
In my view they retained the help to thwart CAS, not to change anything they are doing.
I also have said CAS does not have the muscle to do this by himself. However, if the other large funds which have a stake in CLF agree with CAS and vote his way, than the dynamics change.
Oops, he still owns 1.5 million shares. The 66K he sold is not a worry, just a distraction for people with small minds.
that changes. I really thought by now that the bids would be back in better form than this.
DDD was cut in half, has had nothing but excellent news to report, and has the hardest time stabilizing.
I hope anymore damages is limited until the CC is held. It does not look like DDD is going to say anything to refute the critical stories about DDD or towards the industry until the ER/CC.
Goss7172...Do you still have the contact info for CAS? I just left a VM message with CLF IR spokesperson asking for an answer on this question. Not sure she will call. I would like to contact CAS as well. Thanks.
whatever legal recourse exists, I am sure CAS knows, as his stake is large and his losses also large. Unless they are in some type of discussions now, I suppose we'll hear from him soon. I just hope he didn't short enough over the past months to break even on his original purchase and is now out.
Surf, you're misreading Chinese growth. It is mini at best. Even Chinese officials said this week they will do very little and very targeted stimulus. I have been posting this all year long. China, Europe, Japan, all not doing as well.
UNTIL we get a GDP here in the USA above 3% and holding steady, how in the heck do you see the rest of the world growing the way you imagine it?
Are you so far underwater on your postilion in CLF that you are simply hoping for CLF to do better than what the stats imply? Unless CAS takes over, or until CLF changes its strategies under current management to mirror what CAS suggests, forget it.
done and are now stepping up to the plate. I hope some of these funds are also buying the shares here, not just giving the company upgrades.
I disagree. Management is not in violation of SEC rules while defending their company against derogatory or misleading comments made by an analyst about the outlook for its industry or about growth prospects for the company specifically. Even when they are in a quiet period ahead of earnings, they can confirm guidance.
As to your second point about running the company in an excellent way, watching silently from the sidelines over a 50% haircut is not good management.
I did not buy DDD anywhere near the highs, and I admit that the evaluations on DDD was high and a correction was needed here. However, if the evaluations were merited, then DDD management should have defend the business against the misguided comments being said everywhere about its growth/evaluation.
I would not care it the correction was 20% or so, but this one was huge and they really haven't said much to change the perceptions about DDD.
I don't disagree, I just wonder by management was so calm while the carnage on its stock was heppening.