The Rising Influence of Rising Affluence

[DewDiligence]

CLF—An important timing question (i.e. should one purchase CLF stock before or after the CC) relates to whether or not my expectation for reduced guidance is already priced into the stock. In April CLF stock was priced at about $70/share... It is now at about $45/share.

A cut in CLF’s 2012 guidance roughly equivalent to your projection in #msg-77633656 is already baked into the share price, IMHO. This is consistent with what I posted in #msg-77595866—i.e. that the shares could rally if the reduction in 2012 guidance is relatively mild.