Cliffs Natural EPS estimates cut in half by Deutsche Bank


Cliffs Natural Resources (CLF +2.3%) has tumbled 20% in the last month but it's enjoying a dead-cat bounce today, even as Deutsche Bank is the latest to predict tougher times ahead for the iron miner.

DB is cutting its estimates for 2014-16 seaborne iron ore prices by an average of ~$10/ton (-9%) to average ~$97/ton during the period ($5/ton higher than current spot prices), reflecting the ~33% YTD price decline and the potential for lower Chinese demand.

For CLF, DB lowers its 2014-16 EBITDA estimates by 11%-29% and EPS by 46%-84%, on reductions of 3%-8% in iron ore price realizations.

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Comments (9)
  • DoubleDown2
    , contributor
    Comments (11) | Send Message
     
    Time to buy
    13 Jun 2014, 02:50 PM Reply Like
  • bones2180
    , contributor
    Comments (108) | Send Message
     
    I will be getting my proxy card next week and voting all management out. Ithink many people will follow.
    13 Jun 2014, 03:00 PM Reply Like
  • red-bull
    , contributor
    Comments (113) | Send Message
     
    i bet investor will relies Chairman, James
    Kirsch responsible for this mess, he should go, I'll vote against all
    13 Jun 2014, 06:58 PM Reply Like
  • WPSPIKER
    , contributor
    Comments (1149) | Send Message
     
    time for buy agree, when analysts/MS/GS are against it is best time to buy...

     

    watch for the (CLV) 2016 convertibles are good play with high yield at the moment.

     

    m
    13 Jun 2014, 03:29 PM Reply Like
  • chunghk
    , contributor
    Comments (345) | Send Message
     
    CLF-@DD2-Maybe long term good. Flooding bad news by big wigs to small investors. Horse racing - California Chrome lost in Triple Crown Belmont Park, favorite @ odd 4/5. Finished 4th. So, contrary to bad news soon? God knows and bless. Thanks.
    13 Jun 2014, 04:09 PM Reply Like
  • chunghk
    , contributor
    Comments (345) | Send Message
     
    CLF-@WP-Analysts Silverman Socks & Margaret Stoney payroll by small investors. Monday range $13.51-$14.11, under $16.60 for sure. Unless sudden surge iron ore price, nowhere $18 or above. SS & Stoney no rescuers, otherwise turning themselves "Mammoth Crabs". Thanks.
    13 Jun 2014, 07:50 PM Reply Like
  • Purple_K
    , contributor
    Comments (508) | Send Message
     
    What is the symbol for Mammoth Crab? $MKRB? Sounds like a company I'd like to invest in.
    14 Jun 2014, 07:38 AM Reply Like
  • chunghk
    , contributor
    Comments (345) | Send Message
     
    CLF-@PurpleK, thousands "crabs" daily, $16.60; $21.25; $22-$30, $38-45, $45 & above, small investors - "CRABS", waiting untied. World famous magician Houdini said:"Tough job, don't count me in, I quit." Kow tow 3 times and went away motionless and silently, disappeared nowhere. Just as California Chrome, 4th. Golden days no more. Thanks.
    15 Jun 2014, 01:56 PM Reply Like
  • Purple_K
    , contributor
    Comments (508) | Send Message
     
    Once again, chunghk, you are my favorite SA poster. Please keep it up.

     

    #crabsquish
    16 Jun 2014, 05:45 PM Reply Like
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