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/biz/ - Business & Finance

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24266228 No.24266228 [Reply] [Original]

https://www.stocktitan.net/news/CLF/cleveland-cliffs-receives-antitrust-clearance-from-us-department-of-4ia4r7znd6td.html

>CLF 52 WEEK IS ABOUT TO GET SHATTERED AGAIN

>> No.24266246

Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it has received from the Bureau of Competition of the Federal Trade Commission notice of early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for its proposed acquisition of substantially all of ArcelorMittal USA LLC and its subsidiaries ("ArcelorMittal USA"). This clearance represents the most significant milestone toward the completion of this transaction, and re-affirms the anticipated closing of the deal in December 2020.

>> No.24266262

Dilate.

>> No.24266296

Shit did I miss out on CLF?

>> No.24266345

>>24266296
We've been watching it since $5, so yeah, we all missed out because we hated CLFfag. I can't take it anymore, though. I bought.

>> No.24266549
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24266549

>>24266345

https://www.stocktitan.net/news/CLF/cleveland-cliffs-receives-antitrust-clearance-from-us-department-of-4ia4r7znd6td.html

Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it has received from the Bureau of Competition of the Federal Trade Commission notice of early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for its proposed acquisition of substantially all of ArcelorMittal USA LLC and its subsidiaries ("ArcelorMittal USA"). This clearance represents the most significant milestone toward the completion of this transaction, and re-affirms the anticipated closing of the deal in December 2020.

$12 eod
$16 Monday

Good thing you got a position here before later. Good shit

>> No.24266601

>>24266549
Hope I didn't get trolled.
90 shares worth 1k is my current position.

>> No.24266634

>>24266601

Well considering
4b mkt cap
20-24b potential revenue

I'd say we are gonna be good anon

>> No.24266673
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24266673

Lol not even scraping 4.5b mkt cap

>> No.24266707

>>24266673
Why does market cap matter? I don't think it's relevant? What does the acquisition of ArcelorMittal mean for the company?

>> No.24266759
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24266759

>>24266673

How I like my companies

With a dominant position

>> No.24266833

>>24266759
Ehh... doesn't that mean that there's no room for ultra-fast growth? You sound like you're the CLF shill, but I have to admit the stock has been going up steadily.

>> No.24266845

>>24266707

What does the market cap matter?

CLF reported 1.65b in revenue for the 3rd quarter, beating EPS for the 5th quarter in a row, while the mkt cap was 3b

So the 25th oldest company and oldest Iron company in America generated half its worth in one quarter and everyone here is asleep

I dont know how much more I can repeat this

You know the old adage

You can lead a horse to water

>> No.24266892

>>24266833

Hey man you tell me what ticker generated half what it's worth for Q3

Because from all I know CLF is a unicorn here

>> No.24266943

>>24266892
>>24266845
Alright I guess I'll have to stop what I'm doing to assess the performance of this company and decide if I want to upgrade my position further.
I'll most likely keep the 1k sitting anyhow.

>> No.24266966

I can list 12 things off the top of my head why CLF is undervalued

1. HBI Production Startup (next 2-3 weeks)
2. Merger Completion (next 2-4 weeks)
3. Rocketing Steel Prices (U.S. Midwest Domestic Hot-Rolled Coil Jan $777. cmegroup.com/markets/metals......)
4. Iron Ore hits 6 year highs!!!!
5. Section 232 Resolution
6. Covid Relief Bill
7. Infrastructure Bill
8. Vaccine/Covid Resolution
9. Analysts Upgrades/ Coverage (We only had 1)
10. Blowout 4th Q. No inventory build up from demand!
11. We will have another deal after the current merger. Ceo said no comment when asked on the CC. Similar deal that got wallstreets approval.
12. World Wide Steel Shortage

>> No.24267026
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24267026

>>24266943

I would not dump hundreds of thousands into stock options without knowing what I am getting myself into, anon

>> No.24267134

no my CRSR is dumping! should've sold

>> No.24267291

>>24267026
I don't have that kind of money. I'm just a 20 year old NEET.
CLF has a negative net income, is this due to the costs of aggressive expansion?

>> No.24267346

>>24267026
i t hink this is the top