on what grounds?Did you see their Q-4 E. results and $400 mil lower debt and BL in BK.. all are good news. LG just needs to make a PR Campaign. New lows if any will be temparory.
Between $6.43and $6.55 Thru LG Revokable trust.. and filed Form 4 with SEC. Also Capital World Fund increased its stake in CLF by 21% to 14.4 mil shares and Hedge fund guy DE Shaw holds 4.056 mil CLF shares and says he is bullish on CLF... per Benzinga
Absolutely. LG put BL in BK so CLF doesn't have any obligations of paying for 3 yrs railroad
cotracts $450mil worth and other $250mil-$300mil expenses.. Thats the savings of $650mil-$700 mil that would have been incurred with a normal closing . Creditors will be paid out of whatever the Cash BL has on hand and the rest will be written off. When they sell BL complex to some Can miner with the backing of Quebec Gov., they will get some cash to reduce debt further... but that future is still uncertain. LG may say more about it in Q-1 CC.
Can't just seems to get out to $7 . We must wait for some good news I think....like sale of BL mine or sale of remaining 2 coal mines. In spite of Short Interest down from 68.4 mil to 61.3 mil, Shorts still have an upper hand.
We can all meet at the Landmark "Renaissance Cleveland Hotel", Downtown,Public Square..a stone's throwaway from CLF's HQ on Public Sq .. and invite LG. Of course , he be glad to pay for the 5 star restaurant( inside the hotel) check when he will know that how long we have faithfully stayed with .CLF stock and took all the abuse from Shorts and now the stock is @ $20 or above.
I hope that happens as soon as Q-1 earnings are out... we all may have to wait till 4/22/15
20 is doable. 25-39 will take a lot longer.. may be another 1 1/2 to 2 years.. or sooner if IO price rebound faster.
ofcourse..sure. And I will go with you to CLF's HQ... imagine.. if they get Consistently good next 2 QTR's earnings and beat estimate by a wide margin, resolve BL and sell 2 Coal mines and reduce debt, I am pretty confident that CLF's stock price will get to $$15 by late August hwen they report Q-2 ,15 earnings..
They need a new young CEO from H&M, AEO or Gap. The Exec. Chaiman is Martinez is 75 yr old , incompetent and doesn't know today's teen's clothing styles ,quality and looks, . This was once a $85 stock Both Martinez and Jefferies are responsible for Company's ' POOR performance.
ANF stores are dark and dingy. They need to take out compartments and make the stores lighted , open and airy.. The MNGT MUST get down on the floor and interact with Customers about the Styes,quality ,price and Service related questions . They should also visit Gap, H &M and LBrands to see whats working and what is NOT. Last but NOT the least, they should cut cost Drastically .. manpower and other CAPEX , S,G &A and close stores that are Non-performing and keep a super control over expenses and minimize International expansion with dollar so high. SH have lost their shirt with this stock.
I hope maria Elena can replace S. MCCoy. Sheri has not achieved what she was brought to do and she failed to sell Avon to Coty when they offered some $21/sh to buy it and look now where it is now.
Do you know there is a Guy at EPA in GS Grade 16 and making in $106k-$130K salary who has nothing to do but watch Porn all day ( it was reported in a newspaper some months back) and Gov. can't fire him cause he is tenured. What a waste of Taxpayers dollars!!
I think because the gap between Wealthy and Middle and poor Class has expanded so wide now that Obama thinks he can capitalize by giving all kinda breaks to middle and lower classes and get him liked more.. a failed policy in my opinion and REP with majority in both Houses is helpless.
imagine....I think LG is doing all the right things. He just needs to go to Public and explain all . Read my detailed response to oht. If he does all that with a POSITIVE SPIN, CLF stock should be around @ $10 instead @ $6.5 NOW!!