Balmer was jumping around on the stage like a money and was even a bigger fool for spending billions buying Nokia's worthless phone business and MSFT is paying big price for it. He also moved too slow in CLOUD Computing market.. Still I am STUNNED that a bluechip company like MSFT can lose 10% value in one day even after meeting E. est. and higher sales. This has NOtThappened to other Bluechip companies like PFE, P&G, CSCO, INTL ,GE and many more even when they missed their Earnings targets.
oht..Hey it takes time to turnaround theis company after Kirsch and Carraba's huge buying bing and wasting Billions of
dollars almost destroyed the company. LG is doing all he can. Give him a little more time.
He sold Logan mine for a good price and now placed BL
Mine in BK.. This was a huge task as BL bleeding of $150 mil per year will stop in 2015. CLF may even get some money out of BL mine complex some day. There will now be only a small
exposure to SB IO with APIO which I am sure he will sell for a good price in 2015 and is still profitable. USIO business is going gangbuster which will be their main business.
The REP Congress is going to allocate more money for
Infrastructure and rebuilding from Storm and snow related damage to NE USA. That will use a lot of Steel , Copper and IO which is a part of Steel manufacturing. I see CLF going to $20 a tleast by this summer. You better cover your any Shorts dude..oht
AAPL beat E est of $2.60 by earning $3.04. and stock went up 5 1/2 in AH #$%$ CLF cant do the same. IF they beat Q-4 E of $0.15 by earning $0.35-$0.50, they will rock the stock up by atleast a Dollar. Lets hope LG doesn't disappoint us.
skit..I agree all you said. but now that BL mine will be deconsolidated from the parent company, they will not have to report $150 mil yearly losses no matter what they get if any out of BL mine. This huge BL loss came out of parent company's profit. This will be a big positive influence on CLF's CF and earnings.
Second, they should fire their CFO ( who is still there) who helped Carraba ,CEO then, and wrote a check for
$4.9 B or borrowed huge amount of money and hence the debt to purchase BL mine.
There is NO BK for the parent company. CLF is still profitable.. Walt Energy. Peabody Coal and Arch Coal will go in BK before CLF does., and they have been around still with debt to equity ratio well over 5 to 10. CLF's D/ E ration is barely 2. and will go down further in 2015.
IS this BK of BL facility similar to what US Steel did for their Can subsidiary BK 3 months ago? and USS stock went up?
Most IMP thing about placing BL mine in BK is some $150 mil losses it was generating every year and
destroying CLF"s CF and earnings and this will stop now and improve 2015 earnings by at least $1.
oht..you better cover.. Its all now USIO operations.. very very profitable and huge margins of some $35/ton
except some 15% APIO that will depend on SB IO price.