and ready to criticize me for the Q-2 earnings est. I am stating based on 16 Analysts. Lets see what you are estimating. Give your best shot.. surf, roy, solar.skit, kem, imagine and anyone else. We will see how close you come to actual earning instead boasting here.
My prediction for Q-2...... 10 cents
Things do change...but I am hoping against hope that Q-2 earnings are better than what analysts are NOW Estimating when they report on 7/24 AH
Halverson's salary should be cut to $1000/day ( or $365,000/yr and still a lot). This may help put a little more money in CLF's Cash Flow coffer ..lol
surf.. I hope I am wrong. I posted based on Yahoo and E*Trade web sites for CLF's E est.. by 15-16 analysts. Its only a matter of days when Earnings come out on 7/24 AH
Pain for next 3 to 5 years for CLF and its investors. New 2014 est. minus 8 cents, 2015 est. minus 10 cents and 2016 est. minus 6 cents. I bet this company will be taken over for pittance.. $20..$ 25 in spite of its some great assets and Cleveland likely to lose the HQ.. all because of the stupidity of Kirsch and Carrabba in a low cost Iron Ore environment.
I hate to see Cleveland likely to lose this Landmark 140 year old company ..CASA or whoever takes it over. I am so sad about what might happen...spin offs.. piece meal selling of assets or whatever.
Holly Cow..this is worst than ever expected if IT HAPPENS. Someone needs to make this company smaller ,slimmer and more efficient. They need to cut work force, and other expenses drastically including CAPEX, cutting salaries, stop giving raises and bonus , travel expenses etc. Even the existence of company as it is may be in question with this kind of 2014 and 2015 earnings forecast.. Cliffs really needs a strong ,forceful, visionary and highly visible management before its too late. Current MNGT is living in a dream world.
God spare CLF FROM THESE BUMS.
Analysts' latest Q-2 est. Ave. ... $0.01 down from $0.09 a week ago
Low..... minus $0.25
Full Yr 2014...minus $0.08
Full Yr. 2015...minus $0.10
I don't know where surf, solar and roy get their numbers. All Analysts can't be wrong. There is No hope for CLF under the Current Administration. This should further help CASA win the Board and control of the company.
I am sort of stunned . I am still hoping that CLF will surprise us with better Q-2 EARNING COME 7/24...otherwise this stock may even go down to $10 or under like WLT.
Deep down, I don't trust any Hedge Fund and feel bad for any company that the HF may take over.. but in the case of Cliffs, it was all Kirsch and his MNGT's fault that they destroyed this company's MKt value by over 85% and it has now come to this. I think CASA will take over the Board but I do hope that they don't DISMENTLE the basic organization and hope they keep the HQ in Cleveland. Drapkin has said he wants to expand the domestic business. So I take his words at face value and hope that he will keep this 140 yrs old Landmark in Cleveland, and improve its performance and make it stronger.
surf..I w'll tell you why there is NO comparison between LeBron and Halverson.
Cleveland is paying LeBron $45 mil for a 2 yr contract,
1.As soon as he signed with Cavaliers, Their franchise Mkt value went up over $200 mil.
2.Cavaliers became odds on Favorite to win NBA Championship next year.
3. Over the season he will bring to Cleveland Downtown( when they play home games in Quicken Arena) in attendance and restaurants, souvenirs etc. business extra $200 mil
What did Halverson do for his $60K /day for 43 days work in 2013? Absolutely NOTHING...lol
I can't get out of my mind $60,000 per day for Halverson for doing nothing in 2013. Someone please tell me what substantial thing he did in those 43 days ?? This is horrible for this financially STRUGGLING company.
Where you get this "Paying high Price" to short covering thing. The Stock is barely up $0.30...lmao
surf ..you are always welcome, though we differ in our ways how to accomplish the common goal.. our goal is to improve CLF's performance AND its STOCK PRICE.
Had Kirsch NOT be so arrogant and would had made GonCalves as a CEO and Give 2 seats to CASA on the Board, he would had avoided all this threat by CASA. Now he deserves what is coming to him and hope he is gone after 7/29/14. Kirsch is his own worst enemy.
Cleveland press/media have only mentioned earlier in the year that the HF Casablanca Capital is attempting to force CLF management to sell a bunch of non-core assets and wanted their guy GonCalves as the CEO and President. But Kirsch didn't do that and brought in Halverson as a CEO paying him huge sum. The plot is getting thicker now as CASA is now going full force to take the control of the Board and Company, you will hear more and more from the media and I will keep this Board updated as it happens.
Company's employees are very worried as HF generally cut the workforce in order to bring in more efficiency. They also don't yet really know about the outcome and uncertainty is NOT good. .This is also NOT good for the moral of the company employees. But in this case, CASA has said they want to expand domestic business and hence I doubt they will cut much here. Perhaps they may get rid of some consultants and high power non-performing executives and cut some salaries .I am sure they will still keep the HQ in Cleveland as there are mostly white collar workers and executives here. We will see.
imagine...A bit scary ..isn't it!!!