Don't think he's talking about selling "US Operations" piecemeal....he is talking about someone buying 51% of CLF stock at these depressed levels & owning the whole company....... lock, stock, & barrel...!
and Morgan Stanley, which was the victim of a HUGE bear raid by naked shorts for a while & barely survived....
Maybe, but that is NOT what Moody's says in its piece on RCAP!
I believe oils was referring to that and not secret deals with NS which you seem to know so much about.
Well you said - and I quote "I've never seen a stock be so unloved'".....so I pointed one out to you (there are MANY!!!) for your edification & education....
But, a couple questions:
1. What is meant by "Clearly you idiot."??? Is that some kind of pigeon English?
2. "brink up" another stock...HUH...???
Yes, I keep playing with one of three/four stocks by selling some when they are up & buying the others when they are down....CLF is down MUCH WORSE (it was nearly $100 in 2011) than RCAP & they are in different industries, so I try to play them off each other...
Thank you for asking...
Turn of the tide will come.....it's just that the previous (overbought) commodity bubble has burst....a lot of commodity prices (oil, copper, IO, etc) have little to do with actual supply/demand for YEARS (& more to do with speculation) until they come back to reality....commodities - IMHO - were over bought & and are now oversold....
"The National Automobile Dealers Association this week raised its forecast for 2015 U.S. auto sales to 17.2 million vehicles from 16.9 million. It would be the sixth straight year of solid gains since the recession...."
Re: "I've never seen a stock be so unloved'
You obviously have not been following CLF: highly profitable company the past few quarters, yet stock price keeps falling/getting shorted...
RE: "The market is rigged...how can it be up?"
Answer: ONLY commodity-based stocks - copper, steel, IO-based, etc - are down. Tech, pharma, consumer staples, financials, even autos all up with the economy continuing to come out of recession....
Basic materials, commodities, etc. are down from "commodity super cycle" bubble pop, but will recover with the rest of the economy eventually...
Like what I'm seeing today....back to $12 soon, I hope...
(Usually don't time it that well...)
Weird how far this can fall on no downgrades, no news, etc....
Nibbling at more at these levels, and will buy more if it falls further.
Yes...prefer the "Luxor" theory for why this has been going down & am not worried about this amount of debt, as long as interest rates don't go up too fast, too soon.
$14 price target by Citi seems about right.
It's an AP article, which says, among other things:
"In some departments, she said, the so-called Internet trolls received daily talking points on what to write and what emotions to evoke. She said most of the workers are young and are attracted by relatively high monthly salaries of 40,000 to 50,000 rubles ($800 to $1,000)"
(Won't let me post link... Google "Ex-Kremlin Internet Troll")
Just makes you wonder how much of that paid-bashing stuff goes on in these message boards about stocks..
"...ponzi schemes like CLF.."
I guess they're not really digging all that iron ore out of the ground...!