CLF SP holding up purty good in another big down market. The worst is behind now and the stock Will begin to move up slowly as Steel business and SB IO price begins to improve
That CLF will report positive Operating Earnings of about $0.50 for Q-1 and this is their weakest QTR.. They will report much better results for Q-2.3 and 4 and for the whole year 1016,Tthe earnings will be something like $3.00 as SB IO price will continue to rise slowly to around $75-$80 as China's internal growth
LG might consider to sell if an offer comes but only after the SP has reached atleast $20-$25.. Its possible that some steel company may consider buying it.
atrue.. TY!! Congrats to you and all Longs. I w'll be waiting for your email. SP ,I think will get to $7 in next 4 weeks .Q-1 is CLF's weakest QTR and thry had a blow out Operating earnings of $0.62. I think the year is shaping up real well for CLF and if SB IO gets to $70, they will pay off debt fast. (now $2.5B on 3/31/16.. ..reduced from $2.88 B on 3/31/15)
Sentiment: Strong Buy
Did LG really say that? I have spoken to him and believe that he would say that. What else he said in CC? I read some place that he is increasing the CapEx from $50 mil to $75 mil in 2016. So business is getting much better..I assume. I am happy for all the Longs after atleast 2 years of misery. I do hope surf, imagine , lishe and other old timers come back. They are all knowledgeable and fun people
red...LG can easily raise $200 mil cash by going to the open markets and offering a Secondary of 40 mil Shares which will produce $200 mil if cash is needed.
Up 25% @ $5.39 at close. Not bad considering DOW went down over 200 points. Further direction of SP will depend on what LG has to say in the CC and direction and guidance .
WOW!! this baby will go past $5 today.. the end of solarman,oht,believe_. and other Shorts. Go Longs. End of the misery after last 2 years. LG ..you did it..my man!! I be Gone all day consulting today.. but its gonna be fun
Not much time left to dwell on now... Reckoning day is only few hours away. SP doing purty good in anticipation of good earnings.. @ $4.24 UP 9% so far today.
I bet they beat the Est. by a wide margin. Go lefkowitz.!!
JD instead of coming on TV like a Hippie, He should put a nice suit on and show some Authority and Class when he says how he is going to put this company back together. He has NO drive or Gut feeling unlike Zuckerberg
How about ignoring you solarman.???. you are a trip and a cookoo on this Board just like believe_ and uht
Board needs to Fire Dorsey Now. and put Anthony Noto in Charge as CEO. But they have No guts and are Patsy. They are destroying this great Company and shortly someone like AAPL or GOOGL will buy it for mere $22/sh