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Cliffs Natural Resources Inc. (CLF)

NYSE - NYSE Delayed Price. Currency in USD
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7.34-0.39 (-5.05%)
At close: 4:03PM EDT
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  • Kick-Butt is what this stock just did this quarter and looking forward to a great second half of the year. All the doubters and shorts will have a bad day today. $569 million in revenue, $77 million in net income. .26 per share. Beats all the analyst expectations. Jefferies has this at a $9 and I am sure that should go up soon after this quarter's results. Only thing left is an announcement from Trump for 232 and this goes to $25 a share
  • If you notice they had a $46M loss from disc operations associated with the ccaa. This will come me back when the ccaa is complete. That would have added another .17!pervshare
  • maybe I'm stupid but I bought more shares today
  • Bought 1000 more 500@ 7.06. 500@ 7.24. Every short represents a buy and thy will have to cover.
  • The shorts are selling below ask to drive down and gain back a negative sentiment ...Easy to do in pre market not so easy at 9:30
  • As positive as I am on CLF, I am not so sure tomorrow is going to be the gang buster we all want. Just my nature, but most reports create downward moves, not upward moves unless they are unexpectedly great. I think the street has a good handle on what CLF will make and if they come in on target it likely goes down. Unless they completely blow their numbers away I don''t see anything happening tomorrow that's going to result in a 2 point move up, or down for that matter. I think we may get to 8.50 high side and 7.20 low. Just my opinion, hope I am wrong
  • Great report congratulations to all longs!!!
  • CLF cut the loss from 10% to 5% at the close. much much better and the volume up by nearly 150% close to 30 mil shares. Hope we see SP mover higher tomorrow. Good luck to all Longs.!!
  • I made 3 buys today to build a larger position and ready to buy more.
  • bought 800 more at 7.10., on July 27 no sweat
  • Hold on to your shares dont give the shorts a chance to cover on this better than expected report
  • Proof today that who ever has more money and HFT controls the ticker, regardless of earnings or results.
    WS banks were short and they win.
  • In 2018, with debt under 1b, CLF EBIDTA will be 800m. LG said they will use 35% of those net proceeds to pay for HBI plant. Then in 2019, EBIDTA will again be 800m. This time LG said they will use 50% to pay for HBI plant. By 2020, CLF EBIDTA will be 1.1B (with HBI revenues) and possibly extension of APIO (200m). We are talking 1.3b EBIDTA with 900m in debt. That's impressive if this all plays out accordingly.
  • My estimate is .24 tomorrow. If so, what kind of price do you think that result would command?
  • Fact: Obama actually IMPOSED tariffs against Chinese steel (about a year & half ago).
    Fact: THIS clown is "walking back" his hot-air promises...what a Joke !!!


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  • well, I took a huge chance and didn't sell any calls and didn't sell any shares
    and didn't buy any puts, so basically I let it all hang out before earnings.

    I hope clf doesn't take a dump on me. All the longs on this board make me nervous but
    I'm throwing caution to the wind and gambling it will breach the $8 mark.
  • Market Makers already set up the trap before CLF's conference. This is manipulation and storm will be over pretty soon.
  • For the second quarter of 2017, adjusted EBITDA1was $137 million, a 35 percent increase compared to $102 million reported in the second quarter of 2016.
  • Net Income from Continuing Operations of $77 million

    Earnings from Continuing Operations of $0.26 per diluted share
  • Q2 was a solidly strong quarter. Another milestone. Not just debt repayment and tax refunds, but operating earnings and free cash flow are becoming the norm. The new Toledo plant speaks volumes about the level of confidence management has in the next few quarters. There will be more up grades. Institutions will be looking at Cliffs for the alpha they crave. A non index stock that outperforms an index is what bonuses are made of.