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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (48222)	7/9/2012 11:43:35 PM
From: Spekulatius	2 Recommendations Read Replies (1) of 78740

re CLF - "Is there a value opportunity here?" Credit Suisse, which is available to Etrade customers has a pretty extensive report (dated 5/14 not the newest one). in a nutshell, they don't like CLF too much and don't think it is undervalued. They value the iron ore plays based on a future curve that assumes lower ore prices of around 90$/ton going forward. In their scenario, CLF does not look good, mostly because their pipeline of new projects is higher cost, which does not generate a high enough profit at 90$/ton. BHP and Rio as well as an Canadian ore play are preferred: etrade.wallst.com The report brings up some good points (mostly around their pipeline of new projects), regarding CLF that I had not considered when i purchased my shares. I think it was a serious mistake to establish a full position (that I have mostly sold out of at a loss) but not ready information that was freely available to me. Same mistake than with XLS, where I acted to late on the pension issue and it cost me some. Note to myself - gather more information, even before establishing a starter position and do more digging each time additional shares are purchased.

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