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 cajun1958 (25.15) Submitted: 3/20/2014 4:08:50 PM : Outperform Start Price: $19.16 CLF Score: -7.80

Oversold and shorted; regardless of what happens with Casablanca, steel will still be made in the Great Lakes region and since CLF controls the lowest cost mines and shipping in that market, they will be shipping. Pricing, however, will be set by world markets but China will recover more quickly & robustly than the doomsayers predict.

Featured Broker Partners


Advertisement