SP coming back. $5.02 now while DOW down 450 points. Don't sell your CLF shares . You will be rewarded big by holding it.
long..Thank you for your kind words . I just ignore idiots like skiidady. Yes.. I have been thru a lot here with this stock over last 2 and half years and talking with LG a few times. I think we are on the way up. A lot will depend on how the sales of US IO shape up in Q-2 and future QTRs. I do feel that Q-2 earnings will be positive and will surprise WS and hope it will help stock move up toward $6.
I just got back from my consulting work and was glad to see the SP moved up 3% to $5.25 on close.
SP up 2% @ $5.20 in pre-mkt. . Its a good start. Brexit will have a lot to say how the markets react today and so will CLF's SP. C ya later
I have been here a lot longer than you gutless moron, and know a lot more about CLF than you ever will. Yes.. it will get to $6 by the time of Q-2 earning. Now run along little man!!
Up 1.5% @ $5.15 . Less than 5 weeks to go for Q-2 earnings. SP will get to at least $6 by the time of earnings date and then to $6.50-$7.00 after the CC on 7/27/16.
Dont bet ranch.... just bet $5000 by buying 1000 shares and you be rewarded. SP may be around $6.0 to $6.50 after the Q-2 earnings are out , I believe.
In the light of dilution by 60 mil shares, the SP is holding up amazingly well and once it
digests this dilution, the SP will begin to move up.
Noone has come back from 3-1 loss and Cleveland is the first one to do it against mighty warriors on their turf. LeBron James, the King, is the greatest basketball player and MVP.
I think LG and CLF can do the same... going to $10-$15 in next 12 months from a Low of $1.20 on1/12/16.
Will wipe out $330 mil of debt ..leaving $2.0 B debt in 2016 and the ratio of debt to market value will be less than 2 for the 1st time since 2013.
SP up 4% I@ $4.99 IN PRE-MKT.
Last year they had $285 mil in cash and today they have only $60 mil. So there is a shortfall of $225 mil and thats why they are issuing 60 mil shares to beef up their cash position. This will make total cash around $350 mil for day to day operations and CapEx. Its really foolish that they didnt think about this earlier and sell APIO operations rather than diluting the SH base.
By an Offering of $300 mil. No wonder SP is down to $4.71 in pre-mkt. I knew they didn't have much cash on hand.. only $60 MIL.. but they could had managed it in its rising stock price.
I be gone all day consulting today. Good Luck all Longs.