Iron Ore Swap up $2.69 or 2.3% and Spot up $070 or 0.5% on 10/17. China is on a tare. CLF is a sleeping giant and stock price will rise to around $25 when they report Q-3 earnings a week from now. Earnings should exceed $1( est. $0.61) IMO. Shorts will be dead....buy.. buy.. buy now !!
Told you that CLF stock will rise as Q-3 earnings reporting date approaches. Its up already $0.78 today @ $21.45. It will get to $24-$25 by 10/24 when the company reports the earnings which will beat THE estimate of $0.61 by a landslide. and then again the stock price will start to go down again as usually it does after the earnings report.
had it not for the callous management. They never keep shareholders informed or put up the business strategy upfront. as a result, the stock price and shareholders suffer.
This is a revised new number. This is a great news for CLF and other mining and steel stocks. So I wouldn't be surprised if CLF makes a continuous progress in the rise of its stock price.. instead going up for few days and then backing down.
from now till Q-3 earnings day in the anticipation of better than estimate earnings. It might go as high as $24-$25 but then as usual will start to back down to $21-$22..IMO
They supposed to have great Q-3 earnings of close to $1 (est. $0.61) coming out shortly, but the stock is getting killed in last 2 days. It is again close to $20. As usual CLF goes down a lot more than the market .
Your time is up. You did all the damage to JCP stock that you could because of their bad management. But now the company is turning around and is on upswing. Granted its going to take more time but now its stabilized and the stock will rise to $15 IMO by next summer in line with other retailers performance..
you better cover boy... JCP stock will move up from here like BBY did when everyone was writing its obituary.
Ackman was also super bearish on Herbalife stock and see where it is now ..over $69 and he lost his shirt on shorting it ..I wouldn't take his word as a gospel. He probably comes from a broken family..haha!! .
has went? what kind of English is that..chien? JCP will get to $10 by Halloween ..IMO.. I have been in their stores in Cleveland suburb area and they are packed well. I bought just 500 shares at $11.50 and going to stay with it. I did very well with Best Buy when all analysts and bloggers ( on BB message board ) were writing its death obituary. Shorts will always try to swindle you here. .
Are they packed with shoppers? any scouting info?
JCP has now over $2.1 B in cash and my feeling is that with that much cash and Disney, Sephora and LizC mini stores inside JCP stores, I think Xmas season should be very good.. They are now also offering discount coupons like they did before Johnson's arrival. If this pans out the stock could rocket in mid teens by next spring and things will begin to get better as shorts begin to leave. Ullman, two weeks ago, said that sales are stabilizing and the trend is up from an year ago. Regardless, they MUST MUST cut the workforce and streamline operations. Hope his meeting with analysts on Monday is well received. Good luck all Longs including myself..
Ackman was an #$%$ and almost destroyed the company bringing the Johnson guy from Apple .But the question now is do you think Ullman will make it with all the problems JCP has and the huge amount of debt this company is taking to survive. Do you think JCP will make it like Best Buy did or will go under.. and WHY? What do you think the price of JCP will be a year from now. Thanks!!
JCP has spent a lot of money remodeling their stores and bringing in mini stores like Disney, Sephora, LizC inside many of Penny stores . They have borrowed a lot of money by diluting their shares but the stock keeps going down...down. and more down.now under $8.. Analysts and investors have lost total confidence in this company for its VIABILITY. Unlike Joly of Best Buy, who cut the cost by $750 Mil and streamlined operations and brought BBY stock from a Low of $11 to now $38, in just about an year and saved the company from extinction, this CEO Ullman has done NOTHING about cost cutting or streamlining operations. JCP stock is down more than
50 % since he took over 6 months ago and he seems to have done worse than Johnson who started the downfall.. Any intelligent guesses on your part if this company is a GO or NOT? .
Keep dreaming Graham. I think it will be more like $0.90 to $1.00. If est. was that high, the stock would had taken of regardless of any thing and it would had been around $26-$28. But there is nothing wrong in day dreaming..
w999..I follow CLF's earnings and I agree it is likely to be way over the estimate of $0.58 for Q-3. But somehow this POS just doesn't get any respect and remains the most shorted stock after JCP out of S & P 500.
you keep dreaming w999. I have a lot of shares of CLF but I keep losing faith. It seems its the management. This stock has a reputation of being a leader for losing more than any other S&P 500 stocks on a bad market day like today.
In any case, no matter whatever you guys say about CLF and its stock, the fact remains that SHORTS are winning most of the time.