We know that they got greedy and went into a lot of debt and the economy tanked but you gotta wonder how serious that valuation was vs.
And his 1 prime directive is shareholder value. CLF's management team is delivering on its promise to simplify the business, pay down debt and generate strong free cash flow.
An intermediate-term catalyst that should be a step-change increase in EBITDA should occur in when CLF finishes its hot briquetted iron plant, a project that has high accretion potential. Positive remarks from analyst today Raising guidance to Look at msb PM. How can this surge so much over the last 3 days and Cliffs do nothing. Will be interesting on earnings day!
Some Saturday morning, way too early prognostication. I can't seem to post the link, but it's from Bloombergquint. It is in regards to Indian pellet pricing and is dated August 30th Please read article if you can. I've been giving a lot of thought to the next 2 years and the hurdles along the way. Since you all know what I think of the remaining earnings power of this year, I will leave that be and share my thoughts that are next year and beyond.
While researching potential pricing, I came along this article that is relatively current. This is significant to CLF contracts next year. The reason being is that this article also gives insight into historical pricing by way of charts. It's important to remember that CLF pellet contracts adjust Jan 1 and I believe we are in for a solid upward adjustment.
The 2nd metric to CLF sales is tonnage. In the last months we have heard of steel mills reopening. CLF will get a bit of that, but that also means that current operating mills are increasing output as well and this bodes well for increased tonnage.
Its my opinion that CLF will guide for This is just a hunch. Once these other mills come on line, they will want to secure, by contract, their pellet source. I believe once this year is fulfilled that next year will see a jump in pellet pricing. Account My Profile Site Preferences. Quote Overview for [[ item. Current Rating See More. Live educational sessions using site features to explore today's markets.
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