Michael Nielsen, M.P. Nielsen, Inc. (135 clicks)
Long/short equity, special situations, momentum, contrarian
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Cliffs Natural Resources: Proxy Battle Could Equal Massive Gains For Shareholders
Mar. 11, 2014 8:08 AM ET | About: CLF
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in CLF over the next 72 hours. (More...)
There is still a significant chance that Cliffs Natural Resources will implement a value-generating plan created by Casablanca Capital.
If Casablanca wins a proxy contest with Cliffs, share prices could double within a year. If Casablanca loses, shares may fall 10-20%.
To take advantage of the massive upside potential of its stock, I recommend purchasing shares of Cliffs Natural Resources at around $18 per share.
the only reason this would go bankrupt the board has no freakin shares -they still get salaries regardless
thats why casa wants to control the board -he has shares and wants them to appreciate
clf will not go bankrupt they could have done that already by themselves they dont need a analyst
right now they are goign thru some headwinds -ten is possible if the market corrects badly