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
Beaten down stock due to slow growth internationally and expected lower demand for steel. Great place to get in and start collecting a 7% dividend while waiting for demand to come back and send these shares upwards. Horizon on this stock is 3-5 years.