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DewDiligence

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DewDiligence

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Re: winchem21 post# 24215

Thursday, 07/22/2021 9:35:13 AM

Thursday, July 22, 2021 9:35:13 AM

Post# of 30495
CLF 2Q21 results:

https://www.clevelandcliffs.com/news/news-releases/detail/526/cleveland-cliffs-reports-record-second-quarter-2021-results

Revenue ($5.0B), net income ($795M), and EBIDTA ($1.4B) were all records for any quarter; however, investor expectations were so high that the stock is down about 5% as I’m typing.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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