Cleveland Cliffs Inc (CLF)

[Saving Grace]

What's the CEO waiting for? Is he going to let his short selling buddies take it to $5 so he can get more than 50mil back?

Cliffs took U.S. Steels subsidiary in CA, Stelco's customers. He should have let the world know so they would understand why Stelco wrote that article bashing the industry and Cliffs.

For one, he could take Stelco to court because the industry isn't to blame. It's Stelco who is to blame for their own piss poor management.

U.S. Steel is building a new plant in Arkansas to be ready by 2024. Maybe if Stelco keeps dragging X down like a rotten Apple, Cliffs can purchase that plant for pennies on the dollar.

Cliffs has the cash coming in now. U.S. Steel will continue to suffer with a burn out CEO running Stelco into the ground.

Notice when Stelco brought the entire industry down, as planned, U.S. Steel announced a 500mil buy back. Isn't that illegal? Where is the SEC with manipulation charges? I'm glad Lorenco doesn't partner with U.S. Steel anymore as our pellet making surplus price just went up with Stelco's article.