SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Spekulatius who wrote (56998)3/2/2016 5:08:52 PM
From: upanddown  Read Replies (1) of 78710
 
Speaking of steel, does anyone here follow CLF?

I had the mandatory convert CLV which converted to CLF just as CLF bottomed in late Jan.

I got killed on CLV but CLF is a double since then.

It is really almost a call option on some eventual recovery in iron ore and steel.

I tell myself that this little two dollar company made $11.60 profit less than 5 years ago at the height of the China steel bubble.

Just recovering to 10% of that peak should make CLF a $10 stock.

As usual, when the conventional wisdom is that commodities are dead for a long time, they come to life.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News