Cleveland-Cliffs (CLF) reported 3rd Quarter September 2020 earnings of $0.04 per share on revenue of $1.6 billion. The consensus estimate was a loss of $0.18 per share on revenue of $1.6 billion. The Earnings Whisper number was for a loss of $0.09 per share. Revenue grew 196.3% on a year-over-year basis.
Cliffs Natural Resources Inc is a mining and natural resources company. The Company is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota.
but it wasn't (fully) priced in we were on an insane rally, Dow up 400 points, then Congress had to come out and say that the stimulus was failing. This is what caused the downturn - not the vaccine being rolled out
Caleb Torres
if you are an incel now you will never have sex because corona and it's variants.
COPE
Owen Brooks
>have fucking sex incel
Parker White
I feel way better when Im not invested in anything but now that Ive fucked around with stocks only having money in the bank seems like a waste.
Benjamin Adams
MCD looking like a good buy. Pissed I didn’t buy more at $207 before the analyst upgrades
Bentley Ortiz
CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it has successfully completed the acquisition of substantially all of the operations of ArcelorMittal USA LLC and its subsidiaries (“ArcelorMittal USA”), forming the largest flat-rolled steel producer in North America. On a full-year 2019 basis, the combined Company generated pro-forma revenues of approximately $17 billion and combined adjusted EBITDA of approximately $1.7 billion, including previously disclosed expected synergies.
In connection with the acquisition of ArcelorMittal USA, which includes the interests of ArcelorMittal USA of 60% in I/N Tek L.P. and 50% in I/N Kote L.P., Cleveland-Cliffs also acquired Nippon Steel Corporation’s remaining interests of 50% in I/N Kote and 40% in I/N Tek, for a total consideration of approximately $183 million. With this additional transaction, Cleveland-Cliffs becomes the sole owner of 100% of I/N Tek and I/N Kote, which generated a combined $121 million of adjusted EBITDA in 2019.
Lourenco Goncalves, Chairman, President and Chief Executive Officer said, “The acquisition by Cleveland-Cliffs of ArcelorMittal USA, boosted by our buyout of Nippon Steel from the I/N Tek and I/N Kote joint ventures, opens a new chapter in the history of the steel business in the United States. The assets we have acquired will be combined with our existing footprint, including AK Steel, Precision Partners, AK Tube, several mining and pelletizing facilities, our Research & Development Center, and the most modern Direct Reduction plant in the world, which we have just started to operate in Toledo, OH. Our new footprint expands our technological capability and enhances our operational flexibility, elevating Cleveland-Cliffs to a prominent role as a major player in supporting American manufacturing, American future investments in infrastructure, and the prosperity of the American people through good paying middle-class jobs.”
Yeah, but the dip from that usually resolved itself by noon each day. It didn't resolve today, and almost everything continued to dump, except for Tesla, which went up nearly 5% on the twitter announcement that Musk has a really huge penis. I'm ready for this to be over.
Adrian Anderson
>if you are an incel now you will never have sex because of corona and it’s variants.
McDonald’s have been packed lately. Plus if there is an economic downturn, MCD is a safe recession stock.
Jack Wood
because mcNiggers paid off the politicians to stay open through covid. mean while pang & chang's chinese style eatery has to close because of the china virus.
given that they haven't even used the one they already filed for I don't see why they'd file for more
Matthew Peterson
>Article from November 24th
Why has CLF gone up several dollars since this bullshit article lol
Why are steel futures still rising
Is this why estimates for earnings next year are $2.65? CLF PE ratio is now around 5
Jacob Brooks
I agree with you - it's just 'forward guidance' federalreserve.gov/faqs/what-is-forward-guidance-how-is-it-used-in-the-federal-reserve-monetary-policy.htm I think that Mannarino is right, that the Fed knows that a stimulus bill can't pass until we see a strong enough dollar to be able to take the hit - the Fed is pulling all the strings, telling Congress to wait and continue the charade, draw it out as long as possible, so that the dollar doesn't completely collapse on a stimulus bill
fucking hong kong knows all the selling that happens during lunch so they just close the market for 2 hours to keep it propped up. I dunno if this is based or based.
Jayden Roberts
It’s only grown a conservative amount compared to chipotle during the pandemic
Aaron Nelson
For real, grow the fuck up ya manchild
Camden Price
Ahahahaha HAHAHAHAHAHA you niggers called me dumb but I shorted the fucking top and can just buy shares and exercisize my fucking options AHAHAHAHA I told you to sell this morning and that it was a shit company I had been shilling to aggravate the bots. You are dumb niggers.
the details don't matter, what's important is that user won't get laid ever. No matter how hard he tries by buying CLF calls. He is just not worth it.
Logan Diaz
because iron and steel went parabolic? nothing goes straight up, especially commodities look at what happened to lumber futures this year same exact thing, for same reasons, happened to iron and steel - same thing will likely happen for a healthy pullback
Come on CLF tranny, at least argue that "Yes, those mills were losing lots of money, but that just made them a great deal / great value purchase, as they weren't as price sensitive on the sale as they didn't like those mills. Argue that the mills were losing money, but under new management and iron ore vertical integration will improve margins at least! Come on man!
vaccine is out and Pfizer is down. should I buy into Pfizer still?
Joshua Brooks
Congrats you get to add 12% to your 6 milli revenue dude It's a shitty company dump it before you're a bagholder forever man.
Brody Reyes
>given that they haven't even used the one they already filed no one knows that these are the same people who decided to wait until bonds were back to parity before paying them off, even though they had more cash than debt for a long time they're also cutting back inventory so replenishing inventory isn't even an excuse either
im sure sherman just wanted to take advantage of the ""short squeeze"" but the timing on it was terrible. Q3 itself was already shitty, that was not the time to announce some bullshit like that
Benjamin Fisher
>men
Adam Robinson
It will be funny when he'll be caught having to bail him out of jail for murder and rape.
it's 6AM-5PM EST, honestly idk why it goes slightly past 5PM each day but I know for sure the random crazy AH price drops are a glitch that show up on some platforms many days in a row now. It's not real.
I'm looking at MMEDF right now on thinkorswim and can confirm it's closed for trading with a final asking price of 4.40.
Zachary Lee
UUUU 01/15/2021 3.00 P (made sure to convert that to text so the bots can scrape it). Better close that out otherwise you won't be able to afford to feed your family with that 7.5% gain.
Xavier Perez
i'll start to buy in the 90s but i'd rather get 70s
