CLF—The work stoppage by U.S. automobile companies was the killer news today. These companies are AK Steel's main customers.
If the stoppage is not too long, CLF should be ok in due course. CLF's balance sheet is very much better than it was the last time the stock traded at this level.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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