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DewDiligence

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Re: Democritus_of_Abdera post# 5469

Thursday, 07/26/2012 3:12:41 PM

Thursday, July 26, 2012 3:12:41 PM

Post# of 30545

[CLF's CFO]: "...we would expect to exit [2012] with no borrowings on our revolver and more than enough cash on the balance sheet to pay a full year of dividend."

Translation: Barring a total collapse of the iron-ore market in some kind of global meltdown, CLF's dividend is safe for not only 2012, but also 2013.

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

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