Lorenco Goncalves announced on CLF’s CC two days ago that CLF’s stock was undervalued and that he would be buying shares for his own account as soon as his trading window opened. Now he’s followed through.
All told, LG owns 5.5M CLF shares, worth about $83M at the current market price.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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