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DewDiligence

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DewDiligence

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Re: DewDiligence post# 4533

Wednesday, 03/14/2012 12:06:47 PM

Wednesday, March 14, 2012 12:06:47 PM

Post# of 30493
CLF +7% today on the big dividend hike and management’s newfound dedication to enhancing “shareholder value” (#msg-73237761).

Translation: No new risky projects and acquisitions (such as the chromite development in Ontario) until CLF gets its existing plants running flawlessly and thereby maximizes operating cash flow. As a consequence of the above, the balance sheet will not become unduly leveraged.

I haven’t heard today’s CC yet, but it must have been a good one.

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

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