The Rising Influence of Rising Affluence

[DewDiligence]

CLF—The initial several years of LG’s tenure was devoted to cleaning up the mess created by the old management team: terminating the chromite project, shutting down the money-losing Quebec mines, selling the Australian mines before they ran out of ore, and getting out of the coal business. If LG had not been hired in 2014, CLF would almost certainly have gone bankrupt in fairly short order.

In short, you can’t properly evaluate what LG has done to enhance shareholder value by using 2014 as a starting point.