net earnings were $104mln. Add $38 mln (corrected) taxes to that and we have a total of $104 mln. Divide by 153mln shares and you get $ 0,93 per share. Besides that the mentioned estimate of $ 0,71 was corrected this last day. Projected earning stoods at $0,55 for a long time. Even at an estimate of $ 0,71 we have a surplus of $ 0,22 per share. That's the correct interpretation.
translate that to shareprice and you should see almost $25 tomorrow (before earnings).
After that we should add another 10% in the coming week. Remember CLF has realised a good start of Q4 already. Earnings-projections for 2013 should also rise beyond $3 per share therefor.
can anyone sack this guy.....this man is insane. Credit Suisse is not to be taken serious in matters of iron ore.
same (maybe even more) goes for Credit Suisse ofcourse. If I was their director I would fire them right away.
very stupid to have their opinion omn CLF at underperform right now. What kind of goat did their research ? This amateuristic research and they even don't have the guts to admit they are TOTALLY wrong.....
that's because they were manipulating this stock, marketcircumstances differed from their (very weak argumented) forecasts and they at last see the earnings form CLF in Q3 must be far above the estimates where they stand now. I expect they will even raise to $0,75 ...which is still quite low in my expectations. I see earnings around $ 1,15. Expect a big move up when an agreement is reached on de debtceiling. I buy some more below $ 22,50.
"Unfortunately for investors in CLF, right now iron ore prices are fairly high and there are no bullish catalysts on the near term horizon that could take it much higher"....
this is pessimistic use of words. It should have been ofcourse "Fortunately for investors in CLF, right now iron ore prices are fairly high and there are no bearish catalysts on the near term horizon that could take it much lower" .......
It really seems like a conspiracy....talking CLF down. These kind of articles are clearly not objective; they do not look at chances (growth in the car-industry, European market picking up, China in new perspective growth) but only look at possible (not factual) scenario's based on nothing. Note to Seeking Alplha: do your research better and take care in use the right words; this is really amateuristic babble and gabble.
this is a very unsustainable low pricelevel.
Just 19 workdays until this share will have it's launch to higer levels .....remember just 19 days from now!
All those analysts that have been wrong; their behaviour is so shameless on this stock.
All the lies and manipulation come out.....it is so obvious right now.
this is market manipulation in the highest degree. BBRY comes out with this statement at a very strange moment...one hour before the books are closed. 15.000 contracts on $10 worthless ......now that's a nice deal being short.