Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
FDA approves ABT’s TriClip device for repair tricuspid heart valve:
https://finance.yahoo.com/news/abbott-receives-fda-approval-triclip-130000245.html
EW is the only other company with a similar device.
SHEL pulls back on—(unrealistic)—decarbonization goals:
https://finance.yahoo.com/news/shell-oil-revises-climate-goals-220000675.html
BYD sells 302,459 NEVs in Mar, 2nd-highest on record
https://cnevpost.com/2024/04/01/byd-sales-mar-2024/
BYD Denza launches updated N7 SUV with 20.5% lower starting price
https://cnevpost.com/2024/04/02/byd-denza-launches-updated-n7-suv/
Looks like BYD is setting the pace......
A Million Simulations, One Verdict for US Economy: Debt Danger Ahead
https://finance.yahoo.com/news/million-simulations-one-verdict-us-210022706.html
I think you're missing the point that CLF's bloodline is the government and someday that will change and they'll be in big trouble. Others in the industry are thriving while the Old boys will continue to disappear.
Nippons takeover of USS would be a huge bonus to the industry but it probably won't happen
FDA clears ABT’s 15-minute test for TBI/concussion:
https://finance.yahoo.com/news/abbott-receives-fda-clearance-whole-130000849.html
Note: This is not the hand-held diagnostic ABT is developing to give TBI results from a simple finger prick (#msg-172397644).
I've been impressed with how LG turned the company around. I'm just not impressed with a industry that needs Government assistance to survive, The two things that saved Cliffs was first a President who loved tariff's and then a President who needs unions.at any cost.
Actually, all but two of the insider buys in #msg-174141720 were from 2017 and later. But the earlier purchases were not irrelevant—they showed LG's confidence in turning the company around.
I understand, so why would you show his timely purchases from that time period? Cliffs is only alive because President 1 loved Tariffs and President 2 loves the Unions.
CLF—The initial several years of LG’s tenure was devoted to cleaning up the mess created by the old management team: terminating the chromite project, shutting down the money-losing Quebec mines, selling the Australian mines before they ran out of ore, and getting out of the coal business. If LG had not been hired in 2014, CLF would almost certainly have gone bankrupt in fairly short order.
In short, you can’t properly evaluate what LG has done to enhance shareholder value by using 2014 as a starting point.
CLF—To fully grasp value proposition of this stock, you have to recognize how monomaniacal the CEO, Lourenco Goncalves is at generating value for shareholders. LG owns ~$120M of CLF stock, and he has regularly purchased shares on the open market or held shares after exercising options.*
The single sentence in #msg-174061258 (in reply to jbog’s post of a disparaging WSJ piece) encapsulates my view of LG’s leadership.
*Form-4 filings:
#msg-171786873
#msg-165544918
#msg-162362326
#msg-154279025
#msg-149308747
#msg-134694391
#msg-131068048
#msg-122513056
#msg-114015543
CLF- I find it to be very bullish for a company when a short seller changes their mind on a stock from sell to buy. GLJ Research is a small firm that makes short and long recommendations (mostly short from what I can see on their website.) Apparently Barron's took note and had this piece yesterday:
Cleveland-Cliffs Gets Double Upgraded as Analyst Looks to Rotate ‘Out of Tech Into Value’
Xiaomi in the EV business
https://www.cnn.com/2024/03/28/business/chinas-xiaomi-ev-launch-intl-hnk/index.html
China is going to enable mass adoption of EV's outside of the EU and USA
I forgot the smiley for_the_two_comments you cite.
For CLF the main source of incremental business cited in the WSJ article consists of transformers and related hardware to upgrade the US electrical grid.
Somebody has to provide steel for Tesla cyber trucks…
Baltimore’s bridge collapse is global shipping’s smallest problem
https://www.msn.com/en-us/news/other/baltimore-s-bridge-collapse-is-global-shipping-s-smallest-problem/ar-BB1kCE42
Key Bridge collapse will disrupt Car_coal_&_tofu_supply
[Oh no! A tofu shortage? ] It will also disrupt supply of tractors, construction equipment, and trucks.
https://www.washingtonpost.com/business/2024/03/27/baltimore-port-economy-disruption-bridge-collapse/
Here's how shredded wind turbine blades can be used to make cement, and FUEL
(Skeptical) WSJ piece_cites CLF as_major beneficiary of EV transition:
https://www.wsj.com/articles/can-we-power-the-epas-ev-fantasy-electrical-grid-energy-vehicles-a786d535
CATL and BYD are developing improved battery tech to increase energy density and dramatically improve charging times. Assuming these new batteries are available in 2024 models it would make EV and hybrids more attractive. Potentially an interesting development.
Surprised at todays lackluster move for Clf after a .5 billion dollar grant.
This scenario is more likely in a dual direction donning/doffing scenario, but it can also happen in a single pass facility if the earring backing is dislodged in the gowning room upon donning.
Surgical rooms are not very clean, at least not by particle count, nor by bioaerosol sampling. Surgery rooms do not have to be perfect for most patients. However, sterile drug manufacturing, or chip manufacturing require much cleaner environments. The problem with earrings is that they get caught it the hair covering and the earring backing pulls off, then falls through the inside of the tyvek suit and inevitably ends up either thrown out with the gowning or on the floor of the gowning room where it can be picked up by the sole of the sterile boot and transferred to the manufacturing floor.
I don’t know that earrings would be bad, but make up definitely so.
In addition, at least in a medical setting, long finger nails can harbor bacteria. Having them cut through the sterile gloves clearly breaches the sterile environment.
I know someone who worked at NASA and they think the success of their satellite was heavily dependent on the diligence of the quality assurance people who made sure that everyone followed the proper decontamination procedures before they entered the clean room where the satellite was being built. Every speck of dust or whatever would stay with it throughout orbit and could interfere with a successful mission.
Surgeons are supposed to count the number of instruments they bring into an operating room and make sure it matches what they take out in order to avoid the occasional occurrence of leaving one stitched up inside the patient.
Received push back from director because I insisted that makeup, earrings not be worn in the cleanroom, and that fingernails be short enough so that they could not breach the nitrile gloves. Can't believe the way caution is thrown to the door in the name of weakness.
What skill set is needed to work at a chip factory?
Boeing’s problems may have started when they went from being a premier engineering company to a more business bottom line oriented company.
Some of their problems happened when they opened a manufacturing plant in South Carolina, where there was very little of the safety culture mentality associated with manufacturing in Seattle.
Tools and metal shards were left inside the wings, where they could potentially rupture the fuel tanks or cause other problems.
Given that people have to follow strict clean room procedures when manufacturing chips, is the U.S. work force really set up to do that? I live near a high school, and, post Covid, at least 50 to 60 or more kids walk away from the school every single day, getting zero free education. I don’t know what they do in their spare time, but I see them waiting at bus stops or walking to the local malls or fast food joints. I seriously doubt any of them would follow the procedures needed to manufacture reliable chips.
Shorting requires finding shares to borrow, which may be tough to do at the outset.
Maybe I'm too skeptical but the AI hype seems to have a life of it's own......with a lot of parallels to 90's run-up. I'm sure AI is real and will be transformative, but the major players market values have ballooned and continue to balloon with every press release. When virtually every hardware and software company claim to have, and are growing their presence in AI, my BS meter starts to come alive. Will the AI story and value unfold quickly or are we getting ahead of ourselves and the payback and value will take longer then we currently believe? Just musing.
Trump: $3.5 Billion Windfall From Truth Social IPO?
https://www.msn.com/en-us/money/other/trump-is-in-line-for-a-3-5-billion-windfall-from-his-stake-in-truth-social/ar-BB1kf6gx
VW Buzz - I think ultimately this will be vehicle for me, this is it if family member can be convinced that VW DNA has changed for good. VW software also has to pass the test given past issues.
https://jalopnik.com/volkswagen-s-id-buzz-gtx-is-the-hot-electric-van-we-all-1851354750
DIS proxy battle: Ads on NPR & Internet
Very weird to hear ads about an upcoming proxy battle advertised on the radio (my local national public radio station) and seeing it in pop-up ads…
Somebody is spending a lot of money, far more than the usual, “the board supports the following…” on proxy ballots.
https://finance.yahoo.com/video/could-swing-vote-disney-proxy-212708762.html
This is where the government is needed but of course they'll screw the pooch.
I would suggest that you not interpret iHub's "like" feature (positive or negative) as a measurement of a specific post's contribution to the board.
Translation—Lourenco Goncalves will play hardball to procure the best outcome for CLF shareholders. It is not his responsibility to push for the best outcome for the country as a whole.
Again...Globalism is dead. Chips/Steel/Autos, to name a few, the end result will be higher prices and less efficiency. We are entering a new period of protectionism, this time on steroids.
UAW says workers at VW Tennessee plant file for union election
https://finance.yahoo.com/news/1-uaw-says-workers-vw-174159223.html
Steel-Making in the Swamp
Corporate and union rent-seeking in action: Cleveland-Cliffs’s CEO brags about his sway over Joe Biden.
By The Editorial Board
March 17, 2024 4:45 pm ET
President Biden and the self-styled populists in Congress claim to represent the common man, but what they actually stand for is corporate and union rent-seeking. Cleveland-Cliffs CEO Lourenco Goncalves last week exposed the contradiction as he crowed about killing Nippon Steel’s bid to buy U.S. Steel.
“I’m not surprised. We have been in total contact with the administration, so I know what’s going on,” Mr. Goncalves boasted to Bloomberg News after Mr. Biden on Thursday issued a statement opposing Nippon Steel’s $14.1 billion acquisition. It’s nice if you know the king.
Mr. Goncalves added: “The contact is about making it abundantly clear between me and [United Steelworkers union president] Dave McCall that the only buyer the union accepts for the union-represented assets is Cleveland-Cliffs.” The United Steelworkers, which represents workers at Cleveland-Cliffs and U.S. Steel, has backed a merger between the American steel giants.
Cleveland-Cliffs lost a bidding war for U.S. Steel to Nippon Steel last summer. Nippon Steel offered roughly double Cleveland-Cliffs’s bid and promised to inject U.S. Steel with $1.4 billion in capital to upgrade factories. Nippon has also pledged to honor collective-bargaining agreements. Its takeover would make U.S. Steel more efficient and globally competitive.
Mr. Goncalves and the United Steelworkers don’t share those goals. They want to create a U.S. steel-making monopoly that is protected by tariffs from foreign competition. A Cleveland-Cliffs-U.S. Steel merger would control 100% of blast furnace production in the U.S. and 65% to 90% of domestic steel used in vehicles.
Cleveland-Cliffs could then raise prices, and the union could negotiate richer wages and benefits, without worrying about competition. U.S. manufacturers and consumers would be harmed, but who cares about them? Not Mr. Biden or the Members of Congress opposing the Nippon deal, including Republican Sens. J.D. Vance, Josh Hawley and Marco Rubio. The Biden antitrust cops also seem to have taken a powder on this one.
https://www.wsj.com/articles/cleveland-cliffs-lourenco-goncalves-joe-biden-u-s-steel-nippon-steel-a2c4c7d1?mod=hp_opin_pos_3#cxrecs_s
On March 11th I made known where Detroit's EVs are. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174015434
They are all over the place, but not affordable, and not wanted. I know that you did not give me the clown face, but really, I make three posts, each one being on topic, one even provided a quote from the article being discussed and I receive a clown face on each and nobody provides recognition otherwise.
Oil Well! I mean, "Oh-well."
True...but on the global competitive scale, the USA & Europe lag far behind China, Korea and Japan. Chinese manufacturers will overtake Japan as the largest exporters of cars; mostly EV. Their dominance will continue to grow. With BYD building production facilities in growing markets they are set to be one of the biggest, if not the biggest producer of EV's and batteries in the world. No doubt Korea and Japan will adapt. What about the USA & Europe? Together they are so far behind in raw material production and battery production that essentially they've already lost the EV and hybrid race. What's left is protectionism leading to higher cost and lower efficiency.
It's a delusional fantasy to believe the USA or Europe can achieve the EV goals without imports, but the political stage is set to stop imports. Without a bevy of sub $30K cars EV's will only be affordable to a portion of the population and I doubt we'll see a lot of low cost EV's coming from Detroit.
At some point, the US will have to modify the definition of an EV to include hybrids. There is no other realistic way to attain the converion goals that have been mandated.
According to Bloomberg the Biden admin. is rolling out emission standards confirming the push to electrify automobiles. If true, the need for expanded growth in production remains intact, but where will the increased production in raw materials and cars come from. Affordability????? We know the raw material answer since the USA is decades behind. Can the USA compete with the likes of BYD, certainly not on price in the domestic manufacturing setting. With BYD expanding production in Brazil, Mexico, Indonesia, Hungary looks like competition will be fierce.
TSLA - cybertruck. Got an email yesterday that I can configure a foundation series order since I am an early reservation holder. My expectation prior to that was that my order won't be ready to be configured until late 2025. I looked at what's on the configuration site and still not interested. Seems to me orders for the foundation series must be running low.
The implicit assumption in IIHS study is that a nanny state is required for the current state of technology for passenger cars. I agree with that assessment. If Google can scale their Waymo technology suite to passenger cars, then IIHS can consider shifting to a non-nanny state. I would probably be inclined to buy a vehicle that has the capability to shock your private parts as an option in ADAS settings. I find myself too complacent at times when using ADAS since they are getting better and better but still need attentiveness.
Globalism is dead.....just lip service.
Followers
|
200
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
29408
|
Created
|
05/14/09
|
Type
|
Free
|
Moderator DewDiligence | |||
Assistants semi_infinite |
In many nations, a middle class is emerging for the first time in history.
Companies who satisfy the demands of these consumers in a sustainable manner should have bright prospects.
The Rising Influence of Rising Affluence is a forum for investment ideas based on this premise.
Posts Today
|
0
|
Posts (Total)
|
29408
|
Posters
|
|
Moderator
|
|
Assistants
|
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |