The Rising Influence of Rising Affluence

[DewDiligence]

I want to take a closer look at CLF… Just wondering why the stock is so beaten down so much lately.

Fear of a “hard landing” in China that will quash the demand for such raw materials as iron ore—see #msg-75569303 and its reply chain.

My view (expressed in many posts on this board) is that a severe slowdown in China is not that likely and the risk is already baked into CLF’s share price, which trades at a forward P/E of about 5x and sports a dividend yield of 5.4%.

Outside of [CLF’s] website, any good links to look at?

I’ve posted some stuff about CLF from Barron’s (#msg-77518003, #msg-71437978) and Bloomberg (#msg-71869156), the latter dealing with CLF’s buyout vig, which is another reason for owning the stock.

CLF’s quarterly PR’s (posted on this board) and quarterly CC’s are quite detailed, so you can learn a lot about the company just from these sources. Regards, Dew