I bet the Board is meeting right now and deciding the fate of Carrabba. He has to GO!!! We need a smart n very lean management which can make money even if Iron Ore price is $80 or even under
Not going to pay any attn here for a while until the things stabilze. Tired of Shorts are bashing this stock right or wrong every which way right now. C ya all later.
THis QTR, the iron Ore price was about $140-$145 averarge, CLF's Q-1 operating earnings should be way above the estimate of $0.28 . That will hopefully drive its stock price up.
BOARD HAS no guts TO FIRE CARRABBA. If he goes this stock will go up 20% . RIO and BHP CEOs got fired or forced out.. why can't same happen to Carrabba. He is the worse CEO I think they have in Materials companies. What a F* joke he is . Atleast make some announcement instead sitting in your ivory tower office staring at the ceiling and counting your bonus. THIS COMPANY NEEDS TO BE SOLD and some capable management will make it lean and mean, and straighten out all its problems and make it a low cost IO producer.
value at 47. And they list a fullbreakdown as to how they arrive at it. So why such a huge drop and every f* analyst or investment company keep trashing mining stocks.. especially the Cliff.
Who is Buying? they (MS and CS) should be prosecuted criminally while they destroy little guys . Just Don't sell. This company will be sold shortly in mid to upper 20's ..IMO. Management is NOT fighting back like Herblife did.
CLF and Management is mum and NOT fighting back. Herblife (HLF) Mgt strongly denied when Bill Ackman said its a Pyramid scheme and Fraud and fought back very hard . MS is a #$%$ and wants to make money buying puts and selling this stock..
Morgan Stanley is manipulating this stock and should be reported to SEC. With Book Value of $32, how could it trade this low. Besides Iron Ore prices are NOT crashing. In fact, yestertday IO price went up $1.10 to $137.10. Anyone has any info on whats n why its happening to CLF?
Down more than 3 bucks. Morgan Stanley downgrades while Goldman upgrades it at the same time . Anyone with any info? It sure seems likea buyout here for $25 or less.
3/26, iron ore price was $137.10 up $1.10. There are only 3 more days to go in Q-1,13, and IO price for the QTR will average around $145. I expect Clif''s operating earnings to be well over $0.60 when they report on 4/29 and this stock will jump up to $25-$26 real quick.
The stock is worth $25 atleast now but too many shorts pushing the price down and analysts do not give any credit to this stock and the management really SUCKS.
Operating earnings are the MOST IMPORTANT no matter what charges they take. Even in q-3 and q-4 they had OP earnings of $0.61 and $0.41 resp. while IO price was well undeer $100 and they had a BLOATED corporate structure.Op earnings for the Q-1 will be way high..$0.50 plus. I am not sure what it will be after they take all charges of cost cutting and mines closing. CLF is a good buy around $21
I agree..rlb. Q-1 earnings .to be .out on 4/29 will be atleast $0.50 and beat the estimate of $0.28 handily with their restructuring and idling some mines. Average Iron Ore price for Q-1 will be atleast $140. Not many days left for Q-1 to end on Friday . There will be a stimus in China. they can not afford any uproar if growth is less than atleast 7.8%. That will keep IO price above $120 atleast and CLF can make money with cost as high as $95.
I was talking to mcder and not you rlb..ok? I dont think there is abuyout at this moment. May be later when world economy and especially China''s economy start to move swiftly, then there may be a play for CLF.
With all this buyout rumors.. its crazy. Do you have any inside info about ths bidding by Teck for CLF? what is your source. Do you know its illegal to trade on inside info.
FB shareholders HAVE no FAITH in Sheryl Sandberg. Its down more than 25% since last earnings report.
Is this your imagination and speculation on your part or you have some concrete evidence about the buyout by Soros?