very positive news at the very least. I think many many investors are overlooking the huge potential for this company let alone its very undervalued stock. there is enough short interest here coupled with many other positive catalysts that this stock could actually move $3-6 in one day to the upside, announcement of dividend and buybacks could move CLF stock 100% in a week depending on the size of buyback, there are only 296 million shares.
even a reduction of 10-20 million shares is not out of the question and can move the stock significantly and really improve EPS, however, paying down debt is the wisest way until after 2020 to use this cash.
either way, this stock has so much upside potential its crazy that it is still this low, but rates and many other factors keep is subdued at the moment, I mea honestly, look at how FB, GOOG, AAPL, AMZN, NVDA, DPZ, BA, CAT just keep rising and rising. I think once that trade and bull market really tops out, you will see money flow into value like never before.
Recessions are inevitable no matter what anyone thinks, even TRUMP, who I am greatful for, but he cannot stop rising rates
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