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Strategies & Market Trends : Value Investing
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To: Spekulatius who wrote (47646)5/1/2012 10:12:00 PM
From: Spekulatius1 Recommendation  Read Replies (2) of 78715
 
CLF at 61.85$ - decided to buy a first lot of this iron ore and coal company. I like the recent dividend raise (yielding 4%) which appears to indicate a more cautious capital allocation. The stock is cheap based on metrics like PE and EV/EBITDA but of course earnings could drop if prices for their products fall.

Negatives are problems to keep the cost contained and they still have not figured out what to do with the Chromite asset. I find it positive that they supposedly have a nice FCF this year ~700M$ by some estimates, which gives them ample headroom to pay a dividend.
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