Cliffs Natural Resources (NYSE:CLF)
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.
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Gritty, but a winner
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this company holds an exclusive position in providing iron ore for processing. Traditionally based out of the Great lakes region, it has been expanding its influence to be a global player with its recent purchase of iron ore companies in Austrailia and in Brazil. Due to the continued expansion and modernization efforts of China, I expect that this commodity will continue to be in demand for the next decade.
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Just keeps firing on all cylinders.
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basic industry
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cheap iron ore and long term steel will do fine.
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Stock will run-up during economic upticks.
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Cheap by formula
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11/15 Announced 2 long term supply deals
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Great financials with more than 10% EV/FCF in a boring and underfollowed industry.
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steel on a come bac
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Under valued-takeover possibility
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Oddly undervalued company.
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Great value, top North American producer of iron ore, large reserves, fundamentals solid. One of the top take-over targets in this industry.
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Global demand for iron ore will not slow down for several years, and it takes a while to bring new mines on line, so the price should stay high for a while, which is great news for these guys.
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