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Cliffs Natural Resources Inc. (CLF)


NYSE - NYSE Delayed Price. Currency in USD
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6.14-0.10 (-1.60%)
At close: 4:03PM EDT
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  • You know, I would for once, when you type in iron ore news, its about iron ore in the US, not China. Its all Asia, all the time. You aren't going to be importing ore into the US, its too expensive to get to the mills, and its not the quality our mills use. If Mr. Ross, a steel man himself and knows the industry inside and out, implements the tariffs on imported steel products which I to think is very likely, and you have the makings of a very nice upside in CLF and every other domestic steel company.
  • LA Times reported on 5/27:

    President Trump tweeted that he is looking forward to the result of the Aluminum and Steel investigations that jeopardize National Security.

    Happy Memorial day to all!!
  • I have to think the infrastructure bill will pass with Dem help, although they do not want to have Trump have any victories, its hard to go back to your voters and say "I voted against hundreds of good paying jobs in my district or state because I don't like Trump." I do think he will not get majority Republican support as its going to be a deficit adder to pay for it, although I think Trump is going to tap the private sector a lot for it.
    Regardless, as I have said before, if it passes, probably early next year, there will not be enough steel or ore in any pipelines to provide what will be needed. Even if the bill is 500 billion and only 20% goes to steel related projects, that's a lot of metal. Add to that the military build up including the navy and you have the scenario of ore and steel pricing ncreasing for years to come.
    We just have to get through the next 6 months or so and hope nothing bad happens. Lots of whack jobs out there that have ginned up with hate. You just don't turn that off.
  • Back and optimistic. Sold out awhile ago thinking Cliffs was a goner. Glad to see I was wrong.
  • Going to take a lot of steel.
    http://money.cnn.com/2017/03/09/news/infrastructure-report-card/

    Civil engineers say fixing infrastructure will take $4.6 trillion
    Society's cost estimates are higher than estimates that federal agencies and other trade groups have made of infrastructure needs, CNN found.
    money.cnn.com
  • Plan to restart Bloom Lake Mine get 40 million boost + off take. Japan Sojitz Corp. will buy 3 million tonnes a year from subsidiary of Champion Iron Ore. On 5 year lease terms.
  • Buy the weakness get in before the 2Qearnings pop and good guidance with further debt reduction you will be rewarded. Stars have been lining up and LG and his mgt team have done all the right things for a strong foundation to build on.
  • Thank goodness they issued equity when they did. $600 million at $10.75 per share was a stroke of genius. The increased dilution is part of the reason for the short term pain in price performance though
  • And as crazy as I sound, I still maintain that CLF will be in the 20s within 2 years, and that's not with a reverse split.
  • Zack Equity Research recently said CLF has committed to increase the SH value thru Dividends and Share purchase. I hope this can happen. Even a little dividend can stop Shorts in their tracks.
  • Someone posted that the US is running out of iron ore. That is not true. I found the below via Google search:

    "U.S. resources are estimated to be 110 billion tons of iron ore containing about 27 billion tons of iron. U.S. resources are mainly low-grade taconite-type ores from the Lake Superior district that require beneficiation and agglomeration prior to commercial use. World resources are estimated to be greater than 800 billion tons of crude ore containing more than 230 billion tons of iron."
  • China iron ore 62% traded down 2.33 at 57.91 a ton Have a good long weekend
  • An excellent article on Fox about how the naval shipyards are back in business. Ships use a lot of steel, and I think when trump gets around to expanding the navy again, its going to show
  • Can anyone confirm that CLF cant pay a dividend until the negative equity is removed from the balance sheet, CLF had 831 mil negative equity at the end of q117. The only way to get rid of this is more equity issue or earnings. This is a significant issue to the resuming of a small dividend.....any experts that can comment?
  • TORKY=CHUBBY=APPLE

    Torky one day, now here comes Chubby the next day.
    It's the same bonehead with different but still lame personalities.
  • Another infrastructure announcement for the US. This will require a lot of steel for pipe, tanks, rebar, and supports.

    http://beaumontbusinessjournal.com/article/news/saudi-aramco-invest-12-billion-expanding-motiva-port-arthur-refinery

    Saudi Aramco to invest $12 billion in expanding Motiva Port Arthur refinery | Beaumont Business Journal
    beaumontbusinessjournal.com
  • As bad as things seem and regardless of what I have said about CLF maybe heading into the 5s, there is no reason for this to happen. CLF was trading in the 5s last time ore was in the 50s, but it was in much worse financial condition. LG has stabilized the balance sheet and the company is in very good financial shape, so logic would dictate this shouldn't happen. I reckon the street doesn't see things this way and will take it down with the rest, but still makes no sense to me.
  • I am waiting for infrastructure projects ... in China.
  • Not boasting, but I was prepared. Remember, it hit the very low sixes only several weeks ago. I felt a retest was inevitable. Now sitting on 10K at 6.055
  • Here is the deal and you won't like it! Nixon wire tapped the dem party. Illegal but only serious to him and his party. Clinton lied to congress. Illegal but only serious to him and his party. It may be proved that Trump colluded with the enemy to sway the election. This undermines our very democracy that separates us from the world. Serious to everyone, the country and the very things we fight and and die for. It's a big deal. Maybe not to partisans who want to sweep this under the floor and want to believe this is just politics. It's not and it spells trouble for the market and our way of life. I told you ............. you won't like it!