Replies to post #5409 on The Rising Influence of Rising Affluence

[DewDiligence]

CLF—With respect to the near term negative bias in the stock price, I for one fear that CLF will significantly reduce its projections for FY2012 in the upcoming CC next week.

Allow me to turn your statement around: If CLF does not significantly reduce its 2012 guidance when reporting 2Q12 financials on 7/25/12, the stock ought to be set up for a nice rally. I’ve been adding shares lately based on the long-term value proposition as well as the short-term vig described above.

[ghmm]

Thanks for the feedback. Always appreciate hearing both sides. I've listened to some of their archived calls I haven't finished the '11 R&D call (its 4 hours which takes a while even at 1.75x speed :-)).

[DewDiligence]

Rio Tinto maintained its 2012 guidance for iron-ore production of 250M tonnes, even though it cut production guidance for other minerals:

http://online.wsj.com/article/SB10001424052702303754904577532402426966694.html

[DewDiligence]

BHP’s is forecasting a 5% increase in FY2013* iron-ore production relative to the record output of 160M tonnes produces in FY2012 (#msg-77632483).

Thus, two of the Big-3 iron miners—BHP and RIO (#msg-77601356)— have reported solid production forecasts for the next 6-12 months. (RIO, unlike BHP, is on a calendar fiscal year.)

VALE—the third of the Big-3 companies—reports 2Q12 results on 7/25/12 (the same day as CLF).

*Fiscal year ending 6/30/13.