Replies to post #6528 on The Rising Influence of Rising Affluence

[DewDiligence]

CLF pre-CC addendum: Cutting the dividend less than one year after boosting it with such fanfare means that management will remain in the penalty box for quite a while. The best hope for investors in the short/medium term is a HES-like activist shareholder.

p.s. I should have paid more attention to my own 2009 commentary in the prologue of #msg-43909449.

[jbog]

Cliffs' Board of Directors Approves a 76% Reduction to the Quarterly Cash Dividend to $0.15 Per Common Share plus files to sell shares.

Terrible, terrible management.

[DewDiligence]

CLF’s table of segment sensitivity to spot price of seaborne
iron ore (from the 4Q12 PR in the first link in #msg-84512455):