5 New Diversified Stocks Headed Higher [View article]
I believe clf was over a $100 stock a few years ago. Even if the acquisitions are not fully exploited to date the stock will rise with higher iron ore prices. The entire sector should go up if they are paid more for their finished product----also I do not believe the acquisitions are worthless. Everyone can make up their own mind. I just got very weary of reading the shorts bashing clf with their own investments in mind. I am long clf , and I am willing to wait for positive news.
5 New Diversified Stocks Headed Higher [View article]
The shorts hammered clf to the extent that it has been grossly over done---the action reminds me of the banking crisis where shorts came very close to putting some of the banks out of business. The shorts in the stock have to believe there will be no recovery in China, Europe, the emerging countries, or the U.S. I believe the iron ore industry will mothball expansions, unfortunately have significant lay offs, and supply will be better controlled in a big way. Supply can be impacted in the short term, and certainly in the long term. Nobody has a crystal ball, but it is also logical there would be consolidation among the miners--- takeovers? Do you seriously believe the new regime in China will allow their economy to go into a severe recession?
The Weekend Rundown - 5 Diversified Stocks Headed Higher This Month [View article]
The shorts were really piling on in clf. Therefore, be prepared for the group to flood the media with negative news on the company, which is what happens every time the stock moves up. Clf was over a $100 stock 2 years ago, and it was justifiable for the stock to go down. However,in my opinion it has been way over done. It is not out of the question for consolidation in the mining industry to be a possibility and clf has valuable property. I have often wondered why the Chinese have not gotten involved in direct ownership or partnerships in the mining industry like they have in the gas and oil industry.
The way you spoke positively about clf makes me believe you are actually a clf short. You know very well that clf is predominantly in iron ore rather than coal where the prognosis is better than coal. Why refer to clf as a " beaten down coal stock."
2 Bullish Analysts See 40% To 100% Upside In Cliffs Natural Resources [View article]
i know analysts are split regarding prospects for growth in China, but I believe the new regime there will not allow their economy to stagnate for an extended period of time. Unrest? Few countries can stimulate their economy to the degree and control like China, so I believe coupled with future growth in Europe, emerging countries, and the U.S. the iron ore industry will prosper going forward. Remember clf is heavily shorted so it is likely we will hear much more bad news----some true and some a stretch. Trust your gut and your financial advisor not those of us commenting.
Why Cliffs Natural Resources Is A Buy [View article]
At some point in the near future shorts are going to have to cover since clf is one of the heaviest shorted stocks in the market. In my opinion, this has been overdone and there has been "piling on by the pros". This is the same kind of action that prompted government restrictions ( internationally ) when the shorts were close to putting several banks out of business during the 2008, 2009 banking crisis. Read what happened then and you will see compareable action today in the mining industry. I also believe clf's board and management received the message concerning over expansion in time to get back to what the company did very successfully, mine iron ore.
Investors are thrilled about Cliffs' (CLF +17.8%) better-than-expected Q1, but Cowen questions whether the miner has turned the corner. CLF is a relatively high-cost producer, Cowen says, so weakness in iron ore prices should continue to have an outsized impact on shares. The firm notes that tax rate variance was meaningful in Q1; utilizing a 30% rate would have brought adjusted EPS to $0.37 vs. reported $0.60. [View news story]
In 2088 and 2009, stock players shorted the banks in unison until there was an international uproar. If all the major players short a stock it is possible to put a company out of business. It is hard to figure out exactly what is happening with clf.
More Einhorn: A new bearish thesis, Greenlight has shorted a number of stocks in the iron ore sector, believing the billions miners have spent growing capacity is coming online as global demand growth for steel fades. The big late-year rally in iron ore prices - and stocks like RIO, BHP, VALE, CLF, to name a few - looks to have made a good entry point. [View news story]
Those who take a large short position obviously want others to join their position. We will see if China, Japan, and India use more or less steel in the future. Spot prices have been good, so there are two parties on every trade. Some large hedge funds are not always winners----check it out.
It would appear that no matter what economic info is coming out of China you wil be negative. The easiest way to discount information is to simply say you do not believe the data. There are improving ecoomic indications in Europe, India, the U.S., and even emerging markets. The reason China slowed to the extent that they did was because the government was more concerned with fighting inflation than stimulating the economy. It would not be a surprise if China has resumed a growth course.
Don't Overplay The Recovery In Iron Ore Prices [View article]
CLF is significantly impacted by what happens in China. It is pretty clear the new regime will be more likely to stimulate the economy rather than fight inflation----which is what they did during the past couple of years.
Why Iron Ore Is Going To Be Great In 2013 [View article]
I believe the new regime in China will significantly stimulate their economy and they have reversed course from their 2 year program of tightening to fight inflation. There is other potentially good news in that the U.S. auto and housing industry----stats are pointing to improvements in both sectors. Europe, India,and emerging markets have flatened out and the odds are better for growth than deeper recession ( opinion ).The shorts are could be in for a big problem with positive news on many fronts. The heavy volume in clf over the past several weeks means some major players are positive on the future of the company. Of course none of us have a magic crystal ball, but I am long clf.
5 Buying Opportunities Rallying Off Multi-Year Lows With Room To Run [View article]
There are many investors who have shorted clf---of course that is up to the individual investor. I for one liked the article. As we discuss clf remember China is in the process of instaling new leaders that are supposed to be in place for the next 10 years. I believe there will be a huge stimulus program in short fashion. If you do not like the stock who cares---I for one feel clf has a greater chance to go up rather than down.
MSN is used by many investors as a tool for stock research. Zacks analysts rating is a hold. Of the 16 analysts rating clf 3 rate it a strong buy, 2 a moderate buy, 11 a hold, 0 moderate sell, and 0 a strong sell. That is information as of this morning. Everyone can do their own reseach, but the sky is not falling.
Cliffs Earnings Preview: Low Iron Ore Prices To Weigh On Results [View article]
Short covering could be part of the heavy volume, but the stock could be seeing buying from hedge funds or a whole host of other positive scenarios. Instead of doing 5 or 6 million in volume, it was much heavier trading for several trading days. I do not know the reasons for what I outlined.
Cliffs Earnings Preview: Low Iron Ore Prices To Weigh On Results [View article]
It will be interesting to see what their earnings are as well as the future forecast for Asia. During the past month the stock had higher than average volume up days, so someone has purchased the stock with positive expectations. Good, informative article.
5 New Diversified Stocks Headed Higher [View article]
5 New Diversified Stocks Headed Higher [View article]
The Weekend Rundown - 5 Diversified Stocks Headed Higher This Month [View article]
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2 Bullish Analysts See 40% To 100% Upside In Cliffs Natural Resources [View article]
Why Cliffs Natural Resources Is A Buy [View article]
Investors are thrilled about Cliffs' (CLF +17.8%) better-than-expected Q1, but Cowen questions whether the miner has turned the corner. CLF is a relatively high-cost producer, Cowen says, so weakness in iron ore prices should continue to have an outsized impact on shares. The firm notes that tax rate variance was meaningful in Q1; utilizing a 30% rate would have brought adjusted EPS to $0.37 vs. reported $0.60. [View news story]
More Einhorn: A new bearish thesis, Greenlight has shorted a number of stocks in the iron ore sector, believing the billions miners have spent growing capacity is coming online as global demand growth for steel fades. The big late-year rally in iron ore prices - and stocks like RIO, BHP, VALE, CLF, to name a few - looks to have made a good entry point. [View news story]
China's Electricity Conclusions Reexamined [View article]
Don't Overplay The Recovery In Iron Ore Prices [View article]
Why Iron Ore Is Going To Be Great In 2013 [View article]
5 Buying Opportunities Rallying Off Multi-Year Lows With Room To Run [View article]
Cliffs Natural Resources: Despite Weak Results 6.4% Dividend Yield Remains Safe [View article]
Cliffs Earnings Preview: Low Iron Ore Prices To Weigh On Results [View article]
Cliffs Earnings Preview: Low Iron Ore Prices To Weigh On Results [View article]