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Re: Saving Grace post# 1308

Saturday, 01/16/2016 1:13:30 PM

Saturday, January 16, 2016 1:13:30 PM

Post# of 9070
I'm not saying Clf's turn around strategy isn't working, if it was just about CLF managing debt load I'd be all in. I'm worried about worsening conditions for US steel. I have a trucking company, and I'm watching the freight volumes out of our steel customers go through the floor. More protectionism will help, but we're still seeing a slowing US economy. I think CLF will go lower because of conditions beyond their control. Now as soon as the US economy picks up, I'm back in and long. I just think I will be able to get in lower over the next few months with current conditions.
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