Cleveland Cliffs Inc (CLF)

[Saving Grace]

The reason analysts are downplaying it is they are the ones short who are also consolidating it. Never trust them as they are proved wrong by Cliffs every time and also in it to win it. This is why they keep comparing seaborne IO to domestic to make the numbers look bad when our seaborne division is just over a mere 3% of the company and product is completely different to domestic with a much higher value.

You should maybe listen to the last conference call as Lorenco touches on that and even ripped on the analyst from Morgan Stanley during the Q&A for calling Cliffs a high cost producer compared to seaborne ore prices. Lorenco came unglued on him and told him to stop lying about Cliffs as our domestic pellets don't compare with pricing or cost to mine as the customers are completely different and so is the product. Morgan Stanley was also doing reports predicting BK which was entirely out the window then and they're still doing it.

Lorenco also exposed the false numbers by China with over production that never happened. It was a lie to drive the price down saying the market was swamped when it never was and still isn't. China did this buffalo trick to add supply for as cheap as possible and it worked. China's reserves were also falsely reported, now they need supply again.

Never trust an analyst and watch which way the crowd is going and go the opposite direction and you will always make out better.