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biotech_researcher

08/26/19 1:42 PM

#19410 RE: DewDiligence #19408

CLF- FCX is at a ten year low. TEN and AXL big steel users in the auto space have been obliterated and sit at a ten year low. AXL was a Wall Street darling awhile back. Could the management team at CLF be interested in the 3% yield with CLF?

Gold Miners are the only place that seems to be working..
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jbog

08/26/19 4:00 PM

#19411 RE: DewDiligence #19408

U.S. steel prices have declined probably greater than 30% over the last year while U.S. production has dropped by around 10%. Doesn't make the sector currently attractive.

In my view CLF is undervalued but I don't see and turn around that anyone has to rush in.