Cleveland Cliffs Inc (CLF)

[greasemonkeyshoes]

my favorite LC snow job.......
"Rental car accounts for about 20% US production,deep discount,no future;our product focus/sell/go-in-to cars of quality demanded by consumers,so we have good profit.....we are working with Tesla and others..............."
Brushed off the impact of rental car in a Depression by blinking of an eye.
Sleight of hand: to quality and high margin,and profit.No mentioning of the headwind(and how to survive) in a crashed/challenging domestic car market.
Talking about tesla,what is this about other than a pure "bait and switch" and "false hope".
back ground:
https://www.zerohedge.com/markets/death-yard-where-rental-cars-go-die
https://www.cnbc.com/2020/05/29/hertz-bankruptcy-distressed-rental-car-market-hurts-us-automakers.html
"Are Americans Too Poor For New Cars? Older Vehicles Dominate Highways"
https://www.zerohedge.com/markets/americans-too-poor-new-cars-older-vehicles-dominate-highways
my favorite and another black swan:
with major indebted auto makers
https://www.zerohedge.com/markets/visualizing-worlds-most-heavily-indebted-companies
or
the scariest black swan is the interest rate jump,taking out the auto makers,plus the whole supply chain: you are as strong as your weakest link:
Rental car industry?
Car maker going belly up due to un-sustaining debt load??
Are Americans Too Poor For New Cars? Older Vehicles Dominate Highways???
My favorite:
"The Next Leg Down: The Top 10% Are About To Take A Hit"
https://www.zerohedge.com/markets/next-leg-down-top-10-are-about-take-hit
or
Is LC too optimistic(or scared of telling the truth) or just being an used car sale man to buy him more time??