Some analysts say even FB's $48 price is too high at Forward P/E of around 50. If that is high then TWTR's P/E is in tens and tens of Trillions ( infinity actually). and thats OK?? Give me a F* break ..ha ha!!. What a rediculous comparision. Mark eat your heart out.
I don't believe this. It all comes down to Sales, Profit and Cash Flow and TWTR is NOT making any Money and is NOT expected to be profitable until 2015. Also Mark Z. should give himself a raise and go to Mens Warehouse if he can't afford Armani or Bloomie suit and get rid of that rediculous Hoody look. I never thought TWTR could be higher than FB and even some analysts are saying FB is way too high.Figure that out.
TWTR with NO earnings is up almost 9% today @ $48.89 now surpassing FB which is @ $48.23 barely up 0.6%. They need to fire David Ebersman the CFO and Sheryl Sandberg the COO. These two are doing nothing but taking stock options and converting them into shares and selling them and filling their pockets with huge money . Sheryl spends all her bloody time promoting her " Lean In" book and David ruined the stock price which was up $8 at $56 in AH when FB reported a terrific sales and earings for Q-3 and he slipped ina sentence during the Conference Call saying that teen use on FB is declining and stock promptly lost all the gain next day and fell to $48.. a loss of $20B in Capitalization. FB since has NOT recovered.
With all the great stuff said here about China's huge appetite for IO, the fact remains that The current CEO Carrabba is incompetent and he spent more money than CLF 's current market Cap value on the purchase of Ring of Fire Chromite mine and spent $500 mil on top of it to develop the project while knowing there was NO transportation infrastructure. How can a small company like CLF spend that kind of money?. As a result, debt is still too high. Thank God.. he is leaving at the end of this year. The New incoming CEO is an Ex Barrick Gold guy who knows about how to develop mines and I think he will straighten this out and also streamline operations. If he does that and keeps the Ring of Fire project on hold, I think this stock will move up next year. Bloom Lake mine development should be his highest priority..imo
Having said all great things about China's Steel production and Iron Ore demand and import, Why CLF is NOT moving up while the DJ is hitting new highs. Why short sellers are still making big bucks and NOT afraid of CLF stock price moving up from $25 on China's IO demand. What is the mystery?
China is jumping with economic stimulus ..and Japan, Europe and India are not far behind.. The growth will stimulate commodities and their prices and eventually the stocks like CLF, Rio and Vale.
CLF will trade in a very narrow range like $23 to $27 until Q-4 earnings are out and guidance from the new CEO.
I totally agree ..Skitt. CLF MUST focus on developing the Boom Lake Mine and hold off on the Ring of Fire Chromite. Its a money pit and there is no point in throwing good money until CLF can find Equity partners who will commit to invest money in the development of Chromite stuff. With Ring of Fire Chromite on hold indefinitely, we should see Earnings go up rapidly and I think Q-4 earnings may be well over a $1.00 (est. is $o.76) since China's steel production is expanding and IO around $137/tonne. We should see CLF stock price move up close to $30 after Q-4 earnings are announced. Good Luck to all the longs!!
W999..I hope you are , but I think CLF made a right decision to suspend the Chromite project and stop BLEEDING until the transportation system is developed. THIS SHOULD HELP CLF IMPROVE THE BOTTOM LINE AND KICK THE STOCK PRICE UP FINALLY. I think this is the decision made by the new incoming CEO along with the present management.
Probably the best decision CLF management made in the light of Canadian Gov. not willing to establish the Transportation infrastructure .Cliff also suspended the environmental assessment activities . This should save Cliff a ton of Money. Stock was up $0.16 in AH. I would think now that the decision is made, it will have a lot of cash left to reduce the debt and increase the dividend. Its a win win situation for stock holders and I would expect the stock will get over $30 by next spring.
CLF is a $25-$30 range stock. If it can't make a move out of $30 while DJ is above 16000 and IO price is around $135, I don't know when it will. Have a Happy Thanksgiving all!!
I agree with you skittle. The new CEO is going to move differently , I believe , and will focus more on Bloom Lake and put a hold on Chromite project indefinitely until they can find a right equity partner or can get a good price to sell it. I hope the new CEO acts such that CLF stock price movement is NOT SO erratic and brings more stability by providing consistency in earnings, and lowers debt further.
Take over is an old story...not gonna happen. CLF does its own thing and MGT has no idea whats going on. Hope the new CEO is investors' pro-active and tries to enhance shareholder value. Getting tired of this stock going back and forth between $23 and $27 .