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Starbucks Corporation Message Board

w999surf 1306 posts  |  Last Activity: 9 hours ago Member since: Jun 25, 2012
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  • Reply to

    cramer said sell fcx

    by reddog54 Jan 15, 2015 11:35 AM
    w999surf w999surf Jan 15, 2015 12:14 PM Flag

    Cramer has CLF as a SELL and see what it has done this week. The more The Street hammers on CLF, the more it goes up. FCX longs should be happy this idiot has a sell on the stock.

    CNBC really needs to dump him now!

  • Reply to

    Did you see the latest news article tonight?

    by summitrps Feb 1, 2015 9:19 PM
    w999surf w999surf Feb 1, 2015 9:49 PM Flag

    Link and Cramer, the two biggest cons on Wall Street. CNBC needs to drop Cramer and then Yahoo can take the Street off their site.

  • Stephanie Link and the Street!

  • From Bloomberg 2/5/2015:
    "(Bloomberg) -- Asian investors are among potential suitors looking at Cliffs Natural Resources Inc.’s shuttered Bloom Lake iron-ore mine in Quebec, provincial Economy Minister Jacques Daoust said.
    The largest U.S. iron-ore miner said Jan. 27 it was seeking creditor protection in Canadian courts for the mine after efforts to sell the operation failed. The Cleveland-based company will complete the asset sales and bankruptcy process at Bloom Lake this year, Chairman and Chief Executive Officer Lourenco Goncalves told analysts Feb. 3.
    Officials at Investissement Quebec, the provincial government’s investment arm, are continuing efforts to put together a rescue plan for Bloom Lake, Daoust told reporters Friday after a speech to the Montreal Council on Foreign Relations. The mine, located in Quebec’s Cote-Nord region, employed about 600 people when operational, according to Investissement Quebec.
    “We’re in talks with several actors,” Daoust said. “We have to follow the creditor protection process that Cliffs initiated.”
    Cliffs is rationalizing its operations in the face of a slump in iron-ore prices. Bloom Lake was acquired in Cliffs’s takeover of Consolidated Thompson Iron Mines Ltd. in 2011.
    “We’re trying to see if we can find one investor, or several investors, who would form a consortium to restart this mine,” Daoust said. “We’ve said that if necessary, we will be partners” in the project."

    What I find interesting is that Investissement Quebec has upped the game, offering to be a partner in it.

  • w999surf w999surf Mar 30, 2015 5:33 PM Flag

    This is the basis for the new iron ore supply chain that LG has been working towards.

    1. Localized to minimize transportation and inventory cost.

    2. Low production cost.

    3. Expand local markets.

    4. Reduce cost to their customers.

    5. Expand value added product line.

    6. Expand margins through cutting overhead cost like interest administration cost from overseas operations.

  • w999surf w999surf Jan 20, 2015 7:08 PM Flag

    No. Read Q3 income statement, Q4 will be the same with hedging making up any short fall in revenue from operations.

  • Reply to

    Potential for "breathtaking" short squeeze....

    by kashking2001 Jan 12, 2015 5:04 PM
    w999surf w999surf Jan 12, 2015 6:56 PM Flag

    I like AA beating all estimates, points to a strong economy.
    I like that CLF has shut down BL and Wabush.
    I like that the only iron ore CLF is supplying China comes from their AP operation and it is still profitable at current spot iron ore prices.
    I like that CLF is continuing to work on cutting inventory levels.
    I like that US steel production was larger in 2014 than 2013.
    I like that US iron ore shipments on the Great Lakes was higher in 2014 than 2013, setting 5 year highs.
    I like they have closed on the Logan County thermal coal mine and using the money to buy back bonds.
    I like the fact US iron ore pellet prices are stable.
    I like that they are cutting US iron ore cost.
    I like that the winter weather is not as bad as last year's freeze.
    I like that CLF is buying back bonds at a 40% discount and will make a significant reduction in debt and interest expense in 2015.
    I like the high short interest which will result in a massive short squeeze when the market realizes exactly where CLF is headed.

    All we need is for CLF to show the numbers in Q4 and firm up asset sales in 2015.

  • Barrons article is exactly what I am talking about, US Steel shuts down pellet plant. Really? How does this impact CLF? US Steel supplies their own steel mills and in reality, shutting down the pellet plant reduces the supply of pellets. And the truth is Q1 is the slow period for iron ore pellets because of the stock piles built for the transportation problems that are associated with frozen lakes. This is the type of junk that CLF needs to address.

  • w999surf w999surf Jan 15, 2015 12:19 PM Flag

    Once CLF is strictly a US iron ore supplier, their earnings will be $5 a share and their debt will be under $1.5 billion… Vale won't be able to touch this company for anything less than $60 a share and at that price it would be a great deal for Vale. These miners need to stop buying mines that require transporting ore to the market, they need mines that are located near the markets and it will pay off big for them.

  • Reply to

    time to short, right now

    by guide_the_herd Jan 16, 2015 3:52 PM
    w999surf w999surf Jan 16, 2015 4:03 PM Flag

    Yes, you need to borrow as much as you can right now and sell short! You may want to take the Sheep Dip with you.

  • That was the last year a Beagle won the Westminster top dog, now we have another beagle and CLF is rising.

  • Reply to

    X CEO on steel imports

    by blackoutbuzz Mar 26, 2015 8:51 PM
    w999surf w999surf Mar 27, 2015 10:15 AM Flag

    Harry Ried is not running for re-election, it just got sunnier.

  • Reply to

    Critical Aspects for CLF....

    by vipinkot47 Mar 27, 2015 2:34 PM
    w999surf w999surf Mar 27, 2015 3:27 PM Flag

    Your historical price of CLF was based on iron ore selling for $20 a ton, it didn't break $30 until May 2005. Really, your comparison to the past is totally incomplete. Many miners expanded during this period and CLF made the same mistake. However, they are working through it and is managing to reduce debt levels at a rapid pace under the current low iron ore prices. Any increase in iron ore prices will only accelerate the debt reduction. Any decrease in iron ore prices will have a minimum impact as the current savings of reduced interest expense and tax benefits from writing down assets can continue to service and pay down debt.

  • w999surf by w999surf Mar 31, 2015 1:35 PM Flag

    They really need to censor some of these tasteless post that are completely out of line.

  • w999surf w999surf Jan 6, 2015 2:52 PM Flag

    Good thing CLF doesn't supply scrap… really, the price of scrap is so much higher than iron ore pellets that steel makers like Nucor is looking at ways to supply DRI pellets. And there will be no significant reduction in existing rigs, just not as many news ones as the cost of oil production is falling. One of the largest driving factors in reducing cost will be the adding of pipelines, Keystone will be passed, and the demand for steel pipe will go through the roof.

  • From Reuters:
    "The ploy by Australian majors Rio Tinto (Xetra: 855018 - news) and BHP Billiton has pushed iron ore prices to their lowest in more than five years.
    That should have squeezed out smaller producers, helping the majors to increase market share and the price to rebound.
    But a recent slump in freight rates, largely due to a collapse in bunker fuel prices, is saving the minnows as much as $16 per tonne, almost a quarter of the current iron price.
    This, coupled with the benefits of lower diesel prices at the mines and falls in emerging currencies against the dollar, is helping them resist at least a little longer."

    BHP an RIO may want to rethink their current path. They would be better off if they increased their margins and bought out the smaller miners.

  • Reply to

    Why the Silence Around Bloom Lake?

    by w999surf Jan 30, 2015 11:12 AM
    w999surf w999surf Jan 30, 2015 11:25 AM Flag

    Read it again, the initial filing is just to prevent creditors from forcing payments to allow them until the end of Feb to put a deal together. Then after the end of Feb, the subsidiary formally goes bankrupt and then the court takes over the liquidation of assets and allocates payments of the proceeds.

  • Reply to

    Looks like HK's hedges are kicking in

    by dsc20601 Jan 27, 2015 2:31 PM
    w999surf w999surf Jan 27, 2015 5:36 PM Flag

    Hedged through 2016, how far into the future do you want to go?

  • w999surf w999surf Jan 26, 2015 6:33 AM Flag

    Oil slid on Friday and HK managed a gain. Market starting to understand HK's hedged position and the fact that falling oil price has NO impact on their bottom line. Matter of fact, the falling oil prices is improving their bottom line as their cost are decreasing with lower supply and labor cost.

  • Reply to

    60 Minutes did not test HD and Lowes

    by taxevader_1999 Mar 17, 2015 8:37 AM
    w999surf w999surf Mar 17, 2015 8:52 AM Flag

    Lowe's and HD demand product liability insurance from all of their suppliers. The real problem is for those that have laminate floors in their homes and have to disclose that the product was made in China, even if there isn't a problem, it still will have a negative impact on the value of the home.

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