The Rising Influence of Rising Affluence

[go seek]

CLF is likely to get a buyout offer or attention from an activist shareholder (as occurred with HES) who can start a proxy fight to remove the steep discount investors are applying to CLF’s valuation to account for its inept management.

It appears shareholder activism and M&A are on the rise... given flood of recent actions on Wall Street... The latest 'misstep' @ CLF has increased the spotlight on the company. (hello Carl / Warren)

The Natural Resources tailwind / demand remains... I wonder how much the shale energy revolution will play into hands of North America iron ore companies. Also the high short interest in CLF shares... @ some point these shares will need to be covered. Seems with all the recent bad news... now would be a good time to buy to cover.