more like $50 plus . You do the math. In China and India 62% Fe IO pellets are going for $100-$105/ton and 63%Fe Io pellets sell for $105-$117/ton plus Vet Tax. CLF's IO pellets are much PURER containing 67%-72% Fe .
Einhorn should push the MNGT to sell their Handset business which is 90 %in China and can't compete with China-funded Competitors and losing $020-$030 per share. MRVL needs to sell it or go ina JV with a Chinese partner. .. That is what Cowen Investments said in the report.
TRN will go in low 20's when Donkeys fly. Now is the great time to buy it. It will be in low 30's next week. Too much damage is already been done.
Earnings Dont matter? You have to be a total moron ..jh. The whole WS is built on earnings. Share prices trades and companies values are all based on Earnings and Cash Flow..
TRN is way oversold. Great place to start buying @ $29. Such a huge drop in stock is NOT warranted.It will get into low 30's next week
Higher IO price will help LG sell all non-core assets.. like APIO, and BL compex including Wabush mine. Commodity prices are beginning to rise and it may also help to sell 2
remaining MET coal mines.. IF they sell all that Debt may be reduced under $1.5 B and manageable and stock would rise to $10 fast. Also Q-1 earnings, out on 4/28 AH, followed by CC on 4/29 will be important for the direction of this company.
These probes don't materialize much and at the worst they may get fined $50 mil or so at the most. They make over $650 in Earnings and Close to $1 B in CF. Not seen stock coming down over 11% like this.. and all analyst recommend a buy. We will see.
I know that damn well. But the damage is way over done. They beat Q-1 est by over $0.15. You post worthless stuff playing both sides of CLF here.
@$6.34. All those INV bankers MS,Citi, BAC were so wrong in predicting IO price going to $30 or $40. Where are all the bashers like oht and solar now ?? Disappeared!!
oht...might lose your home?? you better cover. CLF fast. Its going to $10..then $15 and $20 atleast
yup. it takes pressure off CLF. We should see $ 60 my the end of June. All those Citi, MS and BAC analysts will be proven WRONG