What a loser this stock has become in last 3 days .. down from $3.60 to $2,48 today. Lots of Shorts Not afraid to borrow shares and short in spite of IO is Not down much..
ironore...Nice post !! I do believe we will see positive earnings as early as Q-1,16 with SB IO price going well into $60's. JPM finally came to reality after bashing CLF for last 2 years. Others will come around now and CLF should get more upgrades.
Let me elaborate on TREFIS argument as to how the EBITDA can go up 30% while revenue could go down 3% over the period of 3 years
2015 EBITDA .... $292.9 mil and 2018 EBITDA will be $379.5 mil as all cost decline by $143.4 mil while revenue loss of $56.8 mil . That means NET increase of $86.8 Mil and thus EBITDA of $379.5 mil ($292.9MIL + $86.8 mil) in 2018.
TREFIS says CLF's revenue could decline by 3% where as its EBITDA could grow by 30% over the next 3 years. So there is some confidence in CLF by someone.
SP sunk like a Rock. Down over 20% @$2.72. Lots of F* manipulation by Shorts and Investment Banking
Groups. just P ***ed.
WS and most analysts hate CLF and love to short it and don't wanna admit it. Go lefkowitz.
Don't forget . for stock to be @ $30, the MNGT MUST report about $2 / sh in earnings and the debt reduced drastically and IO price in 60's atleast
$22 IN YOUR f* DREAM. This has already come down to $40 from $130 and P/E is 13, better than many Blue chip stocks' P/E. Go suck some canal water and freshen up your pee size brain.
In AH, $3.63 up 6%. It may cross $4 tomorrow even if it doesn't hold it. Q-4 will be E. positive as IO price moved up and margins go back to $25/ Mt or higher.. Sitll 3 weeks left in Q-1.