Cleveland Cliffs Inc (CLF)

[greasemonkeyshoes]

objective outlook on 2020-2022 clf by Fitch.......
https://www.fitchratings.com/research/corporate-finance/fitch-assigns-first-time-b-rating-to-cleveland-cliffs-outlook-negative-08-07-2020
"Rating concerns include CLF's high exposure to the automotive market, which Fitch expects to be negatively impacted by the coronavirus pandemic in 2020, resulting in significantly lower shipments. Fitch does not anticipate steel shipments recovering to 2019 levels until 2022. Fitch expects total debt/EBITDA to be significantly elevated in 2020 but to trend lower over the ratings horizon as the economy and steel fundamentals recover. Fitch forecasts CLF to have adequate liquidity and the company has no material maturities until 2024. However, Fitch views this as partially offset by expectations for significantly lower EBITDA in 2020 and high interest and pension expenses."

ps-again,i believe the window of buying cheap stock had just started and likely would last until election(post???),for anyone wants to go "hog wild" on stocks.