/biz/ - Business & Finance

>>22601483

CLF at 6 has a 2.5b market cap
So CLF going to 24 will have a 10b market cap.. this is a company that generates 8 billion per year
Where does it end?

NUCOR is $47 a share with a 14 billion marketcap and they are CLF closest competitor

$NUE is a steel producer. CLF is an Iron Ore miner that is trying to diversity into steel production as well. Whether this will pay off is what i'm gambling on but I feel a comparison to the largest steel producer in the US seems fair here.. we will slowly be taking market share from them as AK steel transform CLF into an entirely new company with Raw Iron being processed into steel entirely downstream

>>22512257

A meme brick and mortar store that is going to fate of $PRTY (Party City) vs. the oldest Iron Ore company in USA

hmm