Cleveland-Cliffs: Still A Buy

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About: Cleveland-Cliffs Inc. (CLF)
by: ValueResearcher
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ValueResearcher
Value, Deep Value, special situations, contrarian
Summary

Cleveland-Cliffs had an outstanding quarter, both beating estimates and raising guidance for the year.

It remains well-positioned competitively and is run by a strong management team.

The stock still trades at an attractive valuation when considering the company's current and future earnings power.

Cleveland-Cliffs' (NYSE:CLF) stock jumped 12.6% after a strong Q2 earnings report on Friday, during which the company beat analyst estimates and raised full-year guidance.

CLF Price data by YCharts

Though the stock has