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DewDiligence

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Re: jbog post# 7577

Friday, 10/04/2013 8:07:41 PM

Friday, October 04, 2013 8:07:41 PM

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Whose analysis is that? They not only have an extremely bearish forecast for iron-ore prices, but also apply a paltry 5x multiple to CLF’s EBITDA under their bearish scenario. It’s not hard to see why they would have a sell rating under such assumptions.

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

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