Replies to post #6499 on The Rising Influence of Rising Affluence

[DewDiligence]

CLF cuts dividend 76% to $0.60/sh—issues common and convertible-preferred shares:

http://finance.yahoo.com/news/cliffs-natural-resources-inc-reports-210100775.html
http://finance.yahoo.com/news/cliffs-natural-resources-inc-announces-213300643.html

Not what the market wanted, obviously. I’ll have more to say after tomorrow’s 4Q12 CC.