Cleveland Cliffs Inc (CLF)

[Saving Grace]

Excellent update. They stock piled just like they did in the 80's except it was the Tilden and Empire that was shut down.

This is great for investors as the next report after the layoffs will reflect a huge increase in profit as labor cost has already been met.

Their balance sheet will come out smelling like a rose as well as nice EBITA with increasing profitability.

It's history repeating itself. Same thing with imports and all the jazz with union save jobs in mining campaigns of the 80's

Patience buys serious coin here just like before. I bought a thousand shares back then for $3,336 that I later sold for $87,000 which I still got out early on as it broke $100

Cliffs is stable and going to repeat it all over again with extra strength with the DRI customers added to the equation.