Cliffs Natural Resources (NYSE:CLF)
CAPS Rating:
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.
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
Cliff's is cheap. It might get cheaper with a market wide downturn but at under 5x earnings and a nice dividend I intend to sit on this until the demand for steel improves which in turn would raise the demand for Cliff's iron ore and coke.