Safeway has decided to pay down two billion of its six billion in debt, and use the rest of its newly found Canadian money to buy back shares. By not using all of its Canadian money to pay down debt, Safeway is artificially making its earnings per share look better, hence giving the top executives the ability to fork over more money for themselves. If they really cared about the long term future of Safeway, ALL the Canadian money would be going to pay down debt, which is what is truly needed to allow Safeway to compete with less leveraged grocers in the future.
caixujin: nice to read an informative posting on the CLF board.
Sentiment: Buy
Todays silver lining is this. So far in June, the highest volume was on June 4 at 14 million plus. CLF was up 1.10 that day. Todays decline of .61 was on reduced volume of 9 million plus. Perhaps the start of next week will be more like June 4 as the selling seems to have abated.
Sentiment: Buy
only de troof: good reply to a silly posting.
Sentiment: Buy
About a month ago, CLF's was selling in the 23 range. Today, the 18 range. What is different ( in the last month ) that has caused Cliffs to drop five dollars? It appears to be oversold at current levels.
Sentiment: Buy
spitz: good informative reply.
Sentiment: Buy
mrsuerte:very good post. made a lot of good bullet points in just a few lines.
Why? What's your reason?
Sentiment: Buy
I think you want the Hormel board.
Has to be a plus for Cliffs in tomorrows trading.
Sentiment: Buy
mrsuerte: consensus is FE will keep on going indefinitely making a bit more in earnings than they are paying out in dividends. Not much growth in earnings or dividends. What's your take?
Sentiment: Hold
Arcelor Mittal just sold a stake in its Canadian iron ore operations to an Asian consortium for over a billion dollars. Guess there's hope for Cliffs afterall Someone's interested in buying iron ore properties.
Sentiment: Buy
How did you arrive at the 18.80 figure?
Thanks frank867444..I do not believe Rio is mining in India. Most of Rio's iron ore is mined in Australia.
What's your take on Rio Tinto? A "reply" to your recent post wouldn't go through.
frank867444:what's your opinion of Rio Tinto at current levels?
Sentiment: Buy
Credit Suisse downgraded First Energy to "market perform", and a report was issued today indicating new utility power generating stations are to be built in the near future in greater numbers than originally believed.
Sentiment: Hold
Come on Paula. My Keurig is only six months old. I don't want to have to replace it so soon.
Sentiment: Hold
jimjones 62: In your opinion, is Cliffs or Rio Tinto the better bet at current prices?
Sentiment: Buy
Paula651: where should GMCR stock be trading at six months from now?
Sentiment: Hold