Debt will go down by the face value of the bond, cash will be reduced by what they pay for it and the difference will have to be account for as income. It is like when you short sell a home, the difference between the sale price and your balance of your loan will be counted as income and you will be taxed accordingly.
Now how the bonds are held, I believe the company can resell them back into the open market. So they can buy back the higher interest rate 2040 bonds and then when the lower rate 2018 bonds come due, they could sell them back into the market to pay off the bonds that are due.
CLF is just a heartbeat away from a short squeeze. If longs would not panic, at these levels the shorts will blink first. Hopefully all the panic longs got washed out in the morning.
I disagree, productivity advances have pushed labor's unit cost down in the US and is one of the primary reasons the furniture manufacturing is returning to the Carolina's. Now I do agree that programs like Obamacare have had a major effect on labor and the structure of jobs. We also have moved to a contract labor force to reduce labor cost, like in construction my sub contractors have sub contractors working for them.
It really does not matter, as long as the US continues to expand oil production and lower energy cost, manufacturing will continue to stream back into the US to capture this lower cost, increased productivity and reduce transportation cost. This growth in US manufacturing will make CLF move up.
All this increase economic activity and productivity will require the Fed to continue to increase the money supply.
Am I the only one that knows what is behind some of these analyst? Am I the only one that knows how to minimize their effects on the stock?
90% of all my purchases are day trades, just like today, hit my 30 cent target and out. Day trading has brought my average cost on my holding below zero.
Most people could care less if a country is communist or not and this constant need to replace their system with a democratic one is just a waste of lives, time and assets. Just look at Iraq!
You are not alone, based on the number of shares sold. All of you need to take courses in self defense and be able to recognize that you are being held up. Sorry about your loss, but it is like you shot yourself in your own foot.
Emmelt, Musk, Schultz and others feel comfortable in front of the camera and really are experienced at addressing the public's concerns. Very few CEOs are good at this and if LG can't perform, hire a spokesperson that can and put them to work now.
and the stock will move higher. CLF will continue to sell assets, reduce debt, cut cost and generate profits which will drive the price up. Sticking with the fundamentals and ignoring these analyst that have another agenda.
The funny thing about this is that CLF is projected by these analyst to earn money after they have serviced their debt. With the nearest bond due in 2018, how can anyone say they need to recapitalize? $300 million in cash, $1.2 billion in credit facility and $175 million coming in from an asset sale on top of this all. This is just a blatant attack by an analyst, nothing more, nothing less.
We can bring this information forward on Yahoo message board and it gets out to about 15 people. CLF needs to be responsible for addressing these attacks in mainstream media. Someone has to be there to give something more than no comment when asked.
Will lead to huge infrastructure build in Cuba and demand for North American steel. Hotels, commercial construction, cruise ship docks, roads, airports… over 50 years of a US embargo will come to an end. The only sad thing will be replacing most of the vintage cars with new ones.
took the stock price down, but then the stock closed up. The trouble is the media outlets that support the shorts will pile on with CS in the aftermarket to drive the stock down. Then in regular hours, buyers see the blatant errors in his analysis. May be worth the effort to buy within the first 5 minutes of regular hour trading.
The lower CLF goes, they can buy more and lower their average cost. Maybe investors will see this quickly and not give CS much of a window to buy.
WF came out with the $1 target and it didn't effect CLF because it was during normal trading hours where you have buyers. CS had to come out at the close when the sellers would greatly out number the buyers in AH. And they both came out at the start of the quite period where CLF can't really address their statements. And I am not sure if CLF can buy back shares this close to earnings.