CLF SP will not go down below $1.50. Good point to enter here. This stock has been bashed so bad by shorts and now that they have a clean slate.. it will move up slowly. I expect it to get to $5 by June
So badly that they are all up today particularly the Retailers such as BBY, GME, ANF, GPS and even CLF that is bashed brutally by Shorts in the absence of any news from the Company.
Like Senior Ex President Bush used to say... Not gonna do itttttttttttttttttttttttttt
imagine.. we may have seen lows for CLF SP. Things will get better and like I said several times. CLF will be in a much better shape in 2016 due to the sale of non-core assets, Infrastructure spending, Tariffs on Chinese steel imports, Huge Tax Refund, DR pellets and much less CapEx and GS&A.. all very positive for CLF. Now LG MUST Execute and communicate with SH.
CLF SP up 4 cents or 3% while DOW down over 370 points . SP will stabilize and inch up slowly. oht..better cover your Shorts or lose your shorts.. lol
surfy.. I hope CLF can get some good chunk out of Port and Railway facilities. They got royally screwed on BL mine but saved $600 mil-700 mil on liabilities and other cost due to the bankruptcy.
Old timers are back actively a good sign.. lishe.. surf.. mreasy....redeposition....imagine .. me and more.. and newbies.. clfcomeback,...nick . We are gonna have fun in 2016 with CLF Board. Now we need to just circle oht.. HAHA!!
nick..Its going to take some time but CLF will straighten out by the middle of this year. I think there are lots of positives and just one negative,, that is high interest payment but they will be able to manage it as IO price and OP margins stabilize.
CLF will be lean and mean in 2016. CapEx will be lowered drastically and over 1000 employees gone as NAC is sold saving huge in SG&A cost. Pref. Divy (now gone) will be used to pay part of $235 mil Interest reducing it to around $182 mil. Cheer up Longs!!
oht.. just STOP pumping up your #$%$*y stuff here. CLF holding up well while DOW down 425 points. Go read my posts.
"This is how CLF will make it in 2016". Lots of positives ahead for CLF... Infrastructure, tariffs, big Tax refund, Elimination of Pref. Dividend, sell of non-core assets and real possibility of going in DR pellets relationship with NUE. and SB Io price stabilizing And remember both losing BL and NAC operations now gone. This company is not going away. LG just needs to be more visible and disclose more to the shareholders whats happening.
Propaganda doesn't cause any BK. Some shotrts here are so crazy that they just love to frighten Longs here. CLF will be in a Much better shape in 2016 than they were in 2015 . We should know a lot more in Q-4 CC what the old boy LG has to say.