You are right but all write offs are already taken and just abut every non-core assets is sold except APIO and some minor leftover Canadian assets like railroads accessibility.
SP down 5% @ $2.92. Its probably forming a base to move up. Analysts Q-1 Est. are now a Loss of $0.18 vs Previous Est of a Loss of $0.35.. Thats 50% improvement but actually CLF will likely report a Profit with IO pellet prices for US IO will be going up along with SB IO pricing. Margins will be in excess of $30 and huge cost cutting in SG&A and CapEx will produce good earnings...IMO
SP being whip lashed around $3..Heavy volume of around 14 mil shares today vs normal 5 mil shares..due to Option Expiration witching day. But I hope the major trend is UP.
I am Back. Not too shabby. SP went up over 12% @ $2.84.. Tomorrow is the time to close above $3.
song.. I hope you are not in VRX? its a dead stock with lots of debt and problems. Bill Ackman has already lost over $3 B. . This stock is headed to $5 or under... A GREAT SHORT. I did when it was over $100
oht.. so where did you disappear when the SP went above $3? Just wait for about 6 more weeks when CLF reports great Q-1 E numbers and you disappear permanently.
OK ..Thx lishe. it just seems like a never ending battle with this Stock. I still expect CLF to show Plus earnings for Q-1 .
Recovered what? from $1.25 to $2.38? With all the tariffs being imposed, trade talks and talk about bringing steel and other MFG jobs back, higher IO price, and Bond Exchange have done NOTHING. This stock should be around $5 with all these good news.. but alas...Shorts are killing it and MNGT is Hopeless.,