/biz/ - Business & Finance

Soon.

>F is mooning, American Steel
>GM is mooning, American Steel
>TSLA idiots are chasing American auto manufacturers now
>CLF supplies atleast 50% of steel to American Automanufacturers
>Biggest steel company in North America now
>Pro-forma two M&A new companies revenue sitting at 17b
>Forward estimate earnings of $3.25 for 2021
>$32.50 is a PE ratio of 10
>CLF currently sitting at forward PE ratio of 5 in $16s
>Steel Industry standard PE ratio is 17
>$CLF SITTING AT FUCKING 5
>3 Trillion Tax and Infrastructure plan in the works with Biden Administration
>Can pop to $50 with said plan
>Is a double just based on earnings and PE ratio fundamentals at EoY
>Gary Gensler chair of SEC was head of commodity futures trading under Obama 2009-2014
>CLF went to $120 during this period
>Is a transformed company now also having the only electrical steel plant in the company

This is a no brainer hold. Thank this based bald jew. American Steel is here to stay.

The difference between X and CLF is X has more exposure to oil industry, while CLF has more exposure to auto industry.

Guess what GM and F are doing this week?