Seeking Alpha
  • Ocean Man
    CLF's estimated EPS were 1/4 of the $4 they earned in this Qtr last year, had been cut in half over the past 90 days, and they still missed
    10/24/12
    Reply (15)
    • Ocean Man: the $1.07 estimate by 48 cents!!! I would've bet bigger if the bar wasn't already so absurdly low for a beat LOL.
      10/24/12
    • Ocean Man: They also completed the holy triumvirate by missing revenues and guiding lower. Don't even need the divvy cut, but I bet it's coming.
      10/24/12
    • iadops40: CLF disgusting!
      10/24/12
    • J. Sheehan: Seems like iron-ore prices are the culprit. Is the worst behind them?
      10/24/12
    • Ong Kang Wei: What are your sentiments on AAPL at the moment OM?
      10/25/12
    • wigit5: Iron Ore prices appear to have bottomed, so (with further DD) it may be worth buying in after the blood letting today.
      10/25/12
    • Ong Kang Wei: Agree wigit5. CLF looks like its in a stage 1 base after its mega plunge over the past year or so
      10/25/12
    • Chris Lau: How is it their cash level is so low now? Dividend sustainable?
      10/25/12
    • Ong Kang Wei: Chris, IMO, if iron ore prices stay like this/ fall even further, the dividend will not be sustainable But as wigit5 said, it looks like
      10/25/12
    • Ong Kang Wei: it has bottomed and i think sales will improve sooner or later- nothing stays depressed for too long.
      10/25/12
    • Ong Kang Wei: But i think it might not be sustainable in the short term, but in the long term... well it's hard to say
      10/25/12
    • wigit5: When they increased the dividend I think they said they were sure it was sustainable for 2 years barring catastrophic event. The key here is
      10/25/12
    • wigit5: have they experienced a catastrophic event... I'm not so sure it's quite that bad yet. I think it's safe for now but if iron
      10/25/12
    • wigit5: ore prices don't rebound by the middle or end of next year I'd say it's at risk
      10/25/12
    • wigit5: when I say 'they were sure it was sustainable for 2 years' the they isn't CLF it was an author here on SA so take it with a grain of course
      10/25/12