CLF and ANR should merge in the near future. Problems will arise internally!!! That understood the price of iron ore and coal will increase (not as high as projected this year) and demand will rise. Good company to cover a strike above price. Target is estimate EPS w/ 10 PE for 2009.
I am purposely using the same headline time after time this week - "(insert iron, coal or fertilizer name here) with Blow Out Earnings". It's been a heck of a performance for these names... Cleveland Cliffs (CLF) simply continues the train. I know, I know - I should be getting some restaurants because as gas drops to $3.25 they will roar back, and I'm looking backwards instead of forwards. Sorry, I just can't tear myself away from 100%+ growth, and punishing analysts estimates. Full report here.
Contra thesis? As China devolves into slowdown, and takes all the world with it, there will...
See my analysis on the ANR deal and why CLF is in such a good position in todays market. but as a merger investor, why am i now adding CLF if they arent being taken over? Because there is a new development in the deal. it looks like the largest shareholder of CLF is now going to try and fetch a nice price for CLF and might shop around for offers of over 130 dollars per share. see this article for more info. http://online.wsj.com/article/SB121719872170588285.html?mod=g...
Cleveland-Cliffs Inc. forgot to get just one thing before unveiling its $10 billion deal for Alpha Natural Resources Inc. -- Phil Falcone's permission. As a result, the Cleveland iron-ore producer may have inadvertently put itself into play.
Within two days of the deal's July 16 announcement, Harbinger
Cleveland-Cliffs Inc. (CLF), a top producer of iron ore pellets and supplier of metallurgical coal in North America, will buy Alpha Natural Resources Inc. (ANR) in an effort to bolster its coal reserves and exploit the soaring demand for steel among emerging markets worldwide.
First, I have a flood of emails this morning on this subject. I don't have time to answer each individually so please consider this topic my email response.
Iron ore and coal miner Cleveland-Cliffs Inc (NYSE:CLF - News) said on Wednesday that it would acquire Alpha Natural Resources Inc (NYSE:ANR - News) for $10 billion in cash and stock, expanding its coal assets and positioning itself to capitalize on the boom in the global steel industry.
Alpha mines vast amounts of metallurgical coal, which is used primarily to make coke, a key component in steel making. It also produces steam co
"As steel prices continue to climb, one company that is set to profit handsomely is Cleveland-Cliffs (NYSE: CLF)," says Bill Martin.
Adding to the stock's appeal, the editor of BullMarket.com explains, "Event-driven hedge fund Harbinger Capital has been an aggressive buyer of the stock." Here's his review of the situation.
"Shares of Cleveland-Cliffs have been on fire, up over 150% year over year and they have more than doubled year to date. The Cleveland, Ohio-based company is the largest producer of iron ore pellets
"As steel prices continue to climb, one company that is set to profit handsomely is Cleveland-Cliffs (NYSE: CLF)," says trading and investing expert Bill Martin.
Adding to the stock's speculative appeal, the editor of BullMarket.com explains, "Event-driven hedge fund Harbinger Capital has been an aggressive buyer of the stock." Here's his review of the situation.
"The Cleveland, Ohio-based company is the largest producer of iron ore pellets in North America and a major supplier of metallurgical coal to the global steel-making industry.
"It benchmarks iron ore prices to the price of steel, so
I actually expect dividend payment to become part of the rule for other commodity makers, especially the fertilizers as they turn into cash flow machines. Cleveland Cliffs (CLF) trading up 15% this AM on this line item along with raised 2008 guidance and preliminary 2009. Boo and Yah. Unfortunately some sucker sold a partial position at $99, citing market conditions earlier this week. (hand in the air) None of the 2008 guidance is "news" to blog readers but I guess it was "news" to the market. If only the market could stay upright for more than 3 hours at a time. Blah.
Cleveland-Cliffs, Inc., a mining company, produces iron ore pellets and supplies metallurgical coal to the steelmaking industry primarily in North America. It offers 13 grades of iron ore pellets, including standard, fluxed, and high manganese, which are used in blast furnaces as part of the steelmaking process. The company operates six iron ore mines in Michigan, Minnesota, and Ea
TheStreet.com's Jim Cramer says the slide has to end somewhere -- eventually, we'll see a bid.
Is someone having a margin call? That's what I keep thinking as I watch the sickening slide in Motorola's (NYSE: MOT) (Cramer's Take) stock. How can Motorola go down so much? This is a company ...
Let me be the first to say I lightened up on this stock far too early - and we never had enough exposure (at most 1.5% of the fund). We have nearly a double in this position since adding it in the hectic March sell off. What a performance; and a little known fact is they have serious metallurgical coal exposure on TOP of their iron ore exposure [Chinese Warned of Record Rise in Ore Price - 85-95%!] [Apr 7: Posco Agrees to 200% Coal Price Increase]
It is funny to read through this article because I was in this name back in the days when they bought Portman and I remember the very negative...
I took a small 75 share position in CLF today at $102.01. This one's an early breakout pullback. The stock could pullback to the breakout point at $97 and still look good. My stop is around $95 with an undefined upside target in new high territory.
Cleveland Cliffs has solid fundamentals, rising prices and increasing demand of its products. Strong industrial growth in China triggered demand for steel, resulting in higher demand for iron ore. The company s portfolio of both established and recent iron ore and metallurgical coal assets positions it to capitalize on global industry dynamics in 2008 and beyond. We believe stronger commodity prices should significantly boost revenues for CLF. As a result, we rate the shares a Buy with a target of $120.00. by Zacks http://astuk-virtuallystocks.blogspot.com/
Our outlook for the Metals industry is positive and commodity prices are likely to lead to an increase in earnings for metal companies over the next 2 to 3 years.
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Cleveland-Cliffs Inc. (CLF), a top producer of iron ore pellets and supplier of metallurgical coal in North America, will buy Alpha Natural Resources Inc. (ANR) in an effort to bolster its coal reserves and exploit the soaring demand for steel among emerging markets worldwide.
"As steel prices continue to climb, one company that is set to profit handsomely is 
