Replies to post #29196 on The Rising Influence of Rising Affluence

[jbog]

CLF—To fully grasp value proposition of this stock, you have to recognize how monomaniacal the CEO, Lourenco Goncalves is at generating value for shareholders.

I guess I don't understand. Almost 10 years ago LG took command of CLF when the price was close to $16 and paying a 4% dividend. He dumped the dividend (except for a few pennies here and there) within a year and 10 years later the stock has appreciated 31% to it's current valve The SP500 is up 172% over the same time period.

[DewDiligence]

LG bought $1M of stock on_the_open_market_today:

https://www.sec.gov/Archives/edgar/data/764065/000076406524000128/xslF345X05/wk-form4_1714592930.xml

Lourenco Goncalves now owns 5.76M shares, worth close to $100M at the current share price.

See #msg-174141720 for related info.