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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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26015933 No.26015933 [Reply] [Original]

>infrastructure +
>anti-china trade policy +

>iron ore prices have rebounded sharply from $80/ton in April 2020 to over $165/ton in January 2021 ++

>Cveland-Cliffs wasn’t just sitting around and twiddling its steel-making thumbs while the economy was frozen by the coronavirus. The company sprung into action because it saw “opportunity when others were paralyzed”. It prepared its inventories and plants to be ready once its clients were back in business. +

>> No.26015957

>>26015933

Definitely a "Buy the Dip" type day

>> No.26015992

That looks incredibly bad for the environment.

>> No.26016024

>>26015992
Oh I guess we just won't drive cars, or have buildings to live in, or have computers to communicate with.

Fuck off greenpussy

>> No.26016105

>>26015992
You’re incredibly bad for the environment. Do you know how much trash you generate and how many insects you displace/kill just by being alive?

>> No.26016135

>>26015933
I shit on you back in the day but it looks like youve done well. Still time to get in?

>> No.26016167

>>26015992
the enviroment should stop hiding minerals in the ground

>> No.26016215

>>26015992

CLF is actually one of the most environmentally friendly Steel miners

>> No.26016269

>>26016135
>Still time to get in?
I guess so. This year will be a good year for this company. They planned ahead during the COVID crisis. And as such they are going to be rewarded.

>> No.26016611
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26016611

>>26015933
eps: -0.36

>> No.26016739

>>26016215
You don’t mine steel

>> No.26016821

>>26016215
thats nice but they dont make a profit and their earnings are stuggling to cover their interest payments

>> No.26016942

>>26016611
Your own risk. I'm not forcing you. Just suggesting a good dip. You should buy for a medium term investment.

>> No.26017005

>>26016942
im bullish on commodities, but i would have to do much closer research into this companies finances to invest in them

>> No.26017381

>>26016821
Their debt to equity ratio went from 7.something to 3.something (today) in less than a year. Profits surely have been impacted by Corona. Also consider that Cleveland-Cliffs recently bought the steel company from ArcelorMittal.

>> No.26017831

>>26015933
Anyhow, my prediction is 16-17 USD in the next days, then to 20 USD near the end of January.

>> No.26017971

>>26015933
Earth into wasteland.

>> No.26018968

>>26015933
>>26016942
>>26015957
>dip
Should I buy at 16?

>> No.26019574

>>26016215
Isn't steel made in factories?

>> No.26019747

>>26019574
They are specialized in mining, beneficiation, and pelletizing of iron ore and steelmaking.

>> No.26019913
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26019913

>>26017381
This. Through the acquisition of both AK Steel and ArcelorMittal US, CLF has also become a leader in the high margin steel for the automotive segment (Know-how and important patents, a key for the success in this industry). Thus the new CLF will be a formidable competitor for some of the most important automotive steel clients, such as General Motors and Ford.

>> No.26020443
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26020443

Am I gonna make it clf anon?

>> No.26020554

>>26020443
I canceled that one as it was taking too long for the order to fill but I got in at a few cents more. Same option, same expiration.

>> No.26020747

>>26015933
I back up what this anon has been saying about steel supplies. I'm an investor in a company that uses steel as a main input. My CEO told me we can't find steel, only have about half of what we need for March and April and may have to start rationing. He was quoted $1250 per ton, cold rolled steel for May delivery from Vietnam.

>> No.26021135

>>26020443
>2022

>> No.26021242

>>26021135
What’s the problem with that option play?

>> No.26021302

What's up, Hungarian travesti?
Burned your gains on weed stocks and bow you're back to shilling clf to try and recover some?
Retard

>> No.26021369

>>26021302
This clc nigga made like 1 million so far.

>> No.26021384

>>26015992
Compared to VALE or god forbid the mines in china? CLF unironically does a lot to mitigate the impact of its mines.

>> No.26021546

>>26019747
They're also the only producer of US electrical steels. California needs a lot of electrical steels.

>> No.26022459

>>26021546
Tell me more anon... I'm listening.

>> No.26022486
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26022486

>> No.26023105

>>26022486
Explain the pic you fag.

>> No.26023226

>>26015933
>>anti-china trade policy +
Yeah I think I'd rather invest my money into China, considering how the empire is crumbling and all that

>> No.26023354

>>26015933
>>Cveland-Cliffs wasn’t just sitting around and twiddling its steel-making thumbs while the economy was frozen by the coronavirus. The company sprung into action because it saw “opportunity when others were paralyzed”. It prepared its inventories and plants to be ready once its clients were back in business. +

This isn't a plus, they've been literally wasting resources employing people for a year already with no returns, and possibly for a year more, since most companies will slowly ramp up production, meaning that their demand for iron won't be necessary for a while

>> No.26023470

Fuck off CLF fag. I'm glad it's crashing I hope your calls are worthless

>> No.26023498

>>26023105
I can explain it, the company went through share dilution ten years ago.

>> No.26023816

>>26023354
>iron ore and steel prices are rising

>> No.26023938

Buy ArcelorMittal

>> No.26024165

>>26016167
yeah! that asshole environment. whats his fucking deal

>> No.26024371

>>26015933
You didn't just ruin /smg/, now you're getting threads deleted for your shilling. Reported and sage

>> No.26024409

>>26015933
>Material stocks got a thrust after the U.S. Congress formally certified Joe Biden as the next President last Thursday. Biden has proposed spending $2 trillion over four years to boost clean energy and rebuild infrastructure. The planned investment includes building and repairing roads, bridges, water systems, electricity grids and broadband aimed at fixing America's "crumbling" infrastructure.

>> No.26024609

>>26023470
thats not friendly, we are here all to make money

>> No.26025355

>>26024609
He's butthurted.

>> No.26026242

>>26015933
>United States Steel
>Cliffs Natural Resources
My bets.

>> No.26026478

>>26021242
Nothing wrong with it at all, you probably could have put up less initial capital buying a shorter dated call since we're anticipating the steel stock surge in the short term i.e. within 1 - 4 months.

>> No.26026993

>>26026242
>Sorrento Therapeutics Inc
This also can be a fantastic bet. Look at their pipeline.