He said he will buyback shares if stock goes down way too low.. what do you call this? He said he has a loaded gun on the night stand next to him. He rather no use it to shoot but its for the protection. So I think when he returns to Cleveland from his trip, he may use part of $200 mil to buy back may be 20mil-25 mil shares. That may shut up Shorts and scramble to cover them and move stock price up 2 to 3 points, and we all Longs laugh about it...IMO
lishe.. all because of CLF's lousy 15% presence as APIO in SB IO market. Basically, CLF is a US IO Company. Wished they had sold that APIO asset . They keep downgrading CLF because of it.
Fault is with CLF MNGT. They are NOT responding aggressively to their LIES for which they get paid
Because it is NOT a Walter Energy or Arch Coal or Peabody Coal who has Debt to Equity ratios of 10 to 20 and reporting huge losses Qtr after Qtr and still not BK ...You moron!!
CLF has actually earnings and reducing debt and it has very little to do with SB IO.. around 15% only. I wish they had sold damn APIO . then they would never be associated with SB IO. I admit MNGT has done a lousy job of dealing with Analysts and LG has turned them off with his arrogant style. They are the only pure US IO company.
Hope he punishes Shorts like you by buying 20 mil shares and make them scream for cover and LG has the money allocated for a buyback . I don't understand why he has NOT done it yet. Once he does it.. this stock will jump 2 to 3 points.
CLF down today after Citi said slowing IO demand in China.. as long as CLF has APIO, Those #$%$ will always associate CLF with SB IO though it is barely 10-%-15% of all their assets.
It said CLF will announce the sale of two remaining Coal mines this week.. Believe what you want. Saw under Market Pulse (Just above it says Message Board on the side)
MNGT is so Silent. This is supposed to be a Share Holders company and they supposed to manage it and tell us every thing that is going on..liars!!
Darkest before the dawn andno one seems to be taking responsibility.... pathatic..LG has several options and What the hell he is waiting for. He did very well with Q-4 . Will he surprise us with Q-1 results like that?
LG is a seasoned executive in Metals business for over 30 years . He has a Degree in Met. Eng. and has a huge EGO and don't like defeats. I think he knows what he wants to do and will make some positive
announcements on a multiple fronts ..like debt reduction thru Bonds buying , sale of some assets and using some cash out of $200 mil to buy back shares and make Shorts scream to cover...IMO
I live in Great lake region and didn't hear anything about weather related shipping problems. If You Believe Moody than, I can estimate Q-1 E. of $020/ sh vs Analysts est. of ($0.16) now.