Cliffs Natural Resources (NYSE:CLF)

CAPS Rating: 3 out of 5

The Company is a producer of iron ore pellets in North America and sells its pellets to integrated steel companies in the United States and Canada.

Recs

0
Player Avatar tweetypielori (< 20) Submitted: 5/3/2010 9:25:57 PM : Underperform Start Price: $50.94 CLF Score: +146.30

If Australia imposes a 40% tax on any profits Cliff or any other producer has, more and more people will sell their Cliffs and look for something in another country that isn't imposing this tax. I am holding on for the ride in hopes that it won't pass. But my gut feeling the way the stock has dropped in the last several days is I am probably a big fat loser buying this. I hope I am wrong.

Featured Broker Partners


Advertisement