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DewDiligence

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DewDiligence

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Re: jbog post# 29265

Tuesday, 04/30/2024 8:32:03 PM

Tuesday, April 30, 2024 8:32:03 PM

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CLF—I'm sure the worry is about buying stock using borrowed funds.

Of course—everyone gets that. However, a moderate amount of financial leverage is beneficial to shareholders. CLF clearly stated that it will not let net debt go higher than 2.5x EBITDA, which is a reasonable ceiling, IMO.

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

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