Cleveland Cliffs Inc (CLF) Options

https://invezz.com/news/2024/12/21/these-2-stocks-are-positioned-to-outperform-in-january/

https://www.msn.com/en-us/money/top-stocks/mining-stocks-back-in-the-spotlight-3-key-names-to-watch/ar-AA1whciE

I was commenting on the recent selloff—i.e. the 26% drop since 12/2/24. The bigger drop for 2024-to-date is, of course, due to weaker steel prices.

Why is Cleveland-Cliffs Stock Down 50% This Year?
2:05 AM ET 12/20/24 | TREFIS
Cleveland-Cliffs (NYSE:CLF), a vertically integrated steel mill operator, has seen its stock decline by 50% since the beginning of the year as compared to the 28% gain in the S&P 500 Index. Cleveland-Cliffs downward stock price movement is much sharper compared to that for its peers, including VALE (NYSE: VALE) which is down 42% year to date, ArcelorMittal (NYSE:MT) which is down 13% year to date, United States Steel Corporation (NYSE:X) down 31% year to date, and Nucor Corp (NYSE: NUE) which is down 30% year to date. This fall has been primarily due to the adverse business conditions that the industry is going through.

Steel prices in the U.S. have witnessed a declining trend due to subdued demand in the domestic market with weak manufacturing activities. Globally, demand in the sector remains subdued due to oversupplies in the European market as well as high inventory levels in China. Cleveland Cliffs has a high exposure to the automotive sector, which continues to face challenges, leading to the company being more impacted than its competitors. We value CLF stock at about $14.50 per share, which is roughly 47% ahead of the current market price. At the current price of around $10 per share we believe CLF stock has room for improvement. Notably, the stock has moved down 70% from levels seen in March 2022.

… Some of the decline of the last few years is justified by the roughly 4% drop seen in CLF's revenues from 2022 to 2023. Revenue declined by around 12% in the first nine months of the current year to $14.86 billion…

Yes, CLF is a clear beneficiary from steel tariffs. My take on the recent selloff is that some investors think the Biden administration will approve Nippon’s takeover of US Steel despite having said they will oppose it. We’ll know in the next few days.

CLF seems to be falling off a cliff. Shouldn’t Trump’s pledge to slap tariffs on everything from anywhere, especially on steel, help boost the stock price?

Automotive Supply Chain Risk Digest #410

https://automotive-risk-digest.elmanalytics.com/p/automotive-supply-chain-risk-digest-410-20241213



Does anyone know where this bunker is? Does it make sense now, why Concaves made his son the CFO.

Nobody seen it coming.

Could this Bunker be in Brazil?

I warned, that the CEO of Cliffs, should never send money to feed the enemy with a war going on. I can't believe that he even made it public. And then got involved promoting a plandemic, injuring employees across the board. Made public offerings, in cash bonuses. Are CC's being transmitted from this bunker since both CEO and CFO were carefully positioned?

Where is this Bunker and why did this pic surface?

I believe, the acquisition may be a front to remove Concaves.
CEO, CFO

HEY CEOvesCEO Lourenco Goncalves. THIS IS BUY BACK TERRITORY. 

https://www.tipranks.com/news/the-fly/glj-says-u-s-steel-likely-still-a-great-merger-arbitrage-risk-reward-play

Surprised CLF is being destroyed like this..no position..

https://www.reuters.com/markets/deals/biden-plans-block-nippon-steel-purchase-us-steel-bloomberg-news-reports-2024-12-10/

https://nypost.com/2024/12/10/business/biden-to-formally-kill-nippon-steels-15b-takeover-of-us-steel-on-national-security-grounds-report?utm_source=nypost&utm_campaign=android_nyp&utm_medium=social

https://www.msn.com/en-us/money/topstocks/trump-says-he-ll-block-nippon-from-taking-over-us-steel-the-stock-is-falling/ar-AA1vbSFU

Looking ahead, investors will just have to evaluate U.S. Steel on a stand-alone basis or look for domestic companies that could buy U.S. Steel. There is really only one: Cleveland-Cliffs. It bid $35 a share for U.S. Steel in August 2023, an offer that started this process




https://www.msn.com/en-us/money/topstocks/trump-says-he-ll-block-nippon-from-taking-over-us-steel-the-stock-is-falling/ar-AA1vbSFU

Trump has said all along that he would block the Nippon deal if elected.

Check out this article I found on MxM News: https://mxmnews.com/article/b925c391-8bcb-488e-be8f-6378e9c020c0

https://invezz.com/news/2024/12/02/top-3-us-steel-stocks-that-will-benefit-from-trump-2-0/

https://www.marketbeat.com/instant-alerts/rockefeller-capital-management-lp-purchases-new-shares-in-cleveland-cliffs-inc-nyseclf-2024-12-01/

https://www.investors.com/news/nucor-cleveland-cliffs-nue-stock-goldman-sachs-tariffs/

https://simplywall.st/stocks/us/materials/nyse-clf/cleveland-cliffs/news/theres-no-escaping-cleveland-cliffs-incs-nyseclf-muted-reven

Kind of glad I sold some last April, but I still think it will get back there in time. I can tell you the Tilden is going fine, and think things are heading the right way.

https://www.msn.com/en-us/money/topstocks/investors-heavily-search-cleveland-cliffs-inc-clf-here-is-what-you-need-to-know/ar-AA1uvy6y

https://www.cbc.ca/news/canada/hamilton/stelco-owner-speaks-out-1.7388799

https://www.msn.com/en-us/money/markets/jim-cramer-says-cleveland-cliffs-inc-clf-is-good-and-should-do-well/ar-AA1tXzL9

Does anyone know where this bunker is? Does it make sense now, why Concaves made his son the CFO.

Nobody seen it coming.

Could this Bunker be in Brazil?

I warned, that the CEO of Cliffs, should never send money to feed the enemy with a war going on. I can't believe that he even made it public. And then got involved promoting a plandemic, injuring employees across the board. Made public offerings, in cash bonuses. Are CC's being transmitted from this bunker since both CEO and CFO were carefully positioned?

Where is this Bunker and why did this pic surface?

I believe, the acquisition may be a front to remove Concaves.

CLF 3Q24 CC transcript:

https://finance.yahoo.com/news/cleveland-cliffs-clf-q3-2024-174513817.html

CLF reports (not pretty) 3Q24 results:

https://www.clevelandcliffs.com/investors/news-events/press-releases/detail/662/cleveland-cliffs-reports-third-quarter-2024-results Cliffs’ Chairman, President and CEO Lourenco Goncalves said: “In Q3, weaker demand and pricing drove tighter margins, and ultimately led us to temporarily idle our Cleveland #6 blast furnace. We achieved our lowest unit cost since 2021, exceeding our already aggressive cost reduction targets, but that was not enough to offset the negative impact of two of our top four automotive clients who continue to underperform their own expectations. Due to our high exposure to the automotive sector, Cliffs was more affected than our competitors.

…“For 2025, we’ve set a much lower capital budget... Additionally, lower coal costs will bring a $70 million benefit next year compared to 2024. We expect steel demand to rebound in early 2025, supported by a number of economic and political factors. With Stelco’s assets and our cost reductions, we’re well-positioned to capitalize on this upswing and will be able to reduce acquisition debt quickly with healthy free cash flow.” The stock is -5% in AH trading. CC Tuesday at 8:30am ET.


3Q24 highlights (excluding Stelco acquisition, which closed after end of quarter)

• Revenue of $4.6B, -10% YoY

• Steel shipments of 3.8M tons, -6% YoY

• ASP/ton of $1,045 vs $1,203 in 3Q23.

• Non-GAAP EPS of ($0.33) vs a gain of $0.54 in 3Q23.

• Adjusted EBITDA of $124M vs $624M in 3Q23

• 9/30/24 net debt of $3.7B, up from $3.4B at 6/30/24

• No shares repurchased during the quarter


CC slides:
https://d1io3yog0oux5.cloudfront.net/_a362560fa06a18e70dfe5244a95be498/clevelandcliffs/db/1111/11846/file/CLF+-+Q3+2024+Earnings+Presentation+11.4.24.pdf

CLF closes Stelco acquisition:

https://finance.yahoo.com/news/cleveland-cliffs-completes-acquisition-stelco-160800815.html

S&P Dow Jones Indices Announces Changes to the S&P/TSX Composite IndexOctober 30 2024 - 5:15PM
PR Newswire (Canada)
TORONTO, Oct. 30, 2024 /CNW/ - Cleveland-Cliffs Inc (NYSE:CLF) and Stelco Holdings Inc. (TSX:STLC) have agreed to merge in a cash and stock combination. Each share of Stelco Holdings will be exchanged for 0.454 new Cleveland-Cliffs shares and $60.00 CAD cash.  The transaction has received shareholder and regulatory approvals and is expected to close on November 1, 2024, subject to customary closing conditions.  Stelco Holdings shares are expected to delist shortly after closing of the transaction. As a result, Stelco Holdings's shares will be removed from the S&P/TSX Composite Index prior to the open of trading on November 5, 2024.For more information about S&P Dow Jones Indices, please visit www.spdji.comABOUT S&P DOW JONES 

https://markets.businessinsider.com/news/stocks/cleveland-cliffs-call-volume-above-normal-and-directionally-bullish-1033903862?origin=serp_auto

https://finance.yahoo.com/news/cleveland-cliffs-post-q3-earnings-113900091.html

https://seekingalpha.com/article/4729797-cleveland-cliffs-the-american-steel-industry-is-in-an-economic-depression?origin=serp_auto

Where is the bunker? CEO and CFO hanging out?

Details of CLF $1.8B in recently-issued debt:

https://www.sec.gov/ix?doc=/Archives/edgar/data/0000764065/000076406524000196/clf-20241022.htm

https://m.youtube.com/watch?v=494Zg78OfsE

https://www.msn.com/en-us/news/politics/donald-trump-targets-steelworkers-riffs-on-golfers-anatomy-in-pennsylvania-rally/ar-AA1szk8A

MXM Exclusive
Quick Hit:Former President Donald Trump energized supporters at a rally in Latrobe, Pennsylvania, on Saturday, celebrating local icon Arnold Palmer while sharply criticizing the Biden-Harris administration. Trump vowed to save the steel industry, saying, "We saved the steel industry in this country. Now we’re going to make it really powerful again."Key Details:Trump opened his speech by honoring the late pro-golfer Arnold Palmer, sharing anecdotes about Palmer’s humble beginnings and his connection to Latrobe. “Arnold was all man,” Trump recalled.The former president criticized the Biden-Harris administration, stating, “We have lived through this nightmare of inflation, invasion, and humiliation.” He accused them of allowing “more than 21 million people into our country,” asserting that many of these individuals are “murderers” and “drug dealers.”Trump also targeted Kamala Harris directly, saying, “This election is a choice between whether we will have a radical left Marxist in charge of our country.” He emphasized her perceived lack of recognition, noting, “Do you know that whenever I use the word Harris, everybody says, who’s Harris?” He further declared, “She’s worse than him,” referring to President Biden.

https://mxmnews.com/article/b01d8c42-bcc1-4fc4-ad91-791df197db25

Here we
Go.


https://mxmnews.com/article/b01d8c42-bcc1-4fc4-ad91-791df197db25

Gee, that doesn't read like it was written by a lobbyist.

https://www.msn.com/en-us/money/markets/opinion-politicians-hate-it-but-the-nippon-us-steel-deal-is-good-for-america/ar-AA1srE8o

Cleveland-Cliffs, which ranks 22nd globally (U.S. Steel is 24th) 


https://www.msn.com/en-us/money/markets/opinion-politicians-hate-it-but-the-nippon-us-steel-deal-is-good-for-america/ar-AA1srE8o

Concaves and Son Cesspool, readies the bunker after tricking workforce and paying each $3,000 to take untested and unproven garbage. He also gave $100,000 to enemy mafia during wartime to feed enemy combatants. He's a monster in plain clothes.

He's an animal.

Why wasn't this info out and made public when Draper pulled him into Cliffs to be elected by shareholders as CEO.

Now we know that he really doesn't care about the company he represents as with Metals USA where he had to shell $300,000 to the victim.

The $3000 bonuses he paid employees to be injured during the plandemic and shareholders company money he gave the enemy during war time could seriously impact and cost the company a fortune. Lourenco made his son the CFO so he could sign the checks for both mistakes. Who knows what else this animal from the Congo has done behind closed doors after ripping off the Mesabi Trust for $70,000,000 and being caught.

Cliffs is on shaky ground as it is, what next?

Who is this animal from Brazil, with his son, CFO of CLF, who seem to be holed down in a bunker of some sort

https://www.duluthnewstribune.com/business/cleveland-cliffs-ceo-settled-2005-sexual-harassment-suit-at-former-company-documents-show

CLF sells $1.8B of 5-8-yr debt at 6.875-7.375%:

https://finance.yahoo.com/news/cleveland-cliffs-inc-announces-upsizing-204500585.html

The $1.8B proceeds from today’s debt sale—together with the $600M proceeds from the debt CLF sold in Aug 2024 (#msg-174914148)—are more than enough to meet the net cash requirements of the Stelco acquisition (#msg-174755282).

CLF will be $10 soon and beyond. Sluggish Automotive industry in a cyclical cycle and getting worse by the day.

To bad for CEO Gonecaves and his partner in crime. Will he step down is the question?

He read it the way you wrote it. By putting it in the same paragraph as the payout, you made it a commentary on the payout.

As to who is buying the product, I am for one.

Prior to the acquisition of ArcelorMittal their sales were to limited customers. Since then the product has been slowly filtering into other markets through A.M.'s distribution network. Auto is still their primary customer, but that is slowly changing.

Why U.S. auto factories are so unproductive
https://www.cnbc.com/2024/09/27/why-us-auto-factories-are-so-unproductive.html

If you can read, I was talking about loss of revenue PERIOD and has nothing to do with the 70+ million they now owe MSB for robbing their lease agreement based on production since 2021.

That 70+ million has to be paid by Oct. 6

The drop in revenue, this quarter and beyond is based on production and if automotive production is limited, who's buying the product.

Why U.S. auto factories are so unproductive
https://www.cnbc.com/2024/09/27/why-us-auto-factories-are-so-unproductive.html

Where is the Brazilian CEO and his kid, the CFO, anyway? Are they doing the CC's from a bunker somewhere?

Unexpected drop in revenue won't sit well with anybody. The award to Mesabi Trust does not affect CLF's revenue whatsoeverl. You clearly don't understand the basics of accounting.

I disagree and short's don't care. $70,000,000 is a lot of money to cheat MSB out of. Unexpected drop in revenue won't sit well with anybody.

The Brazilian CEO is a wrecking ball and won't stop

First he's caught groping employees from his past and fined. Then he's giving company funds to foreign wartime criminals. Then he's bribing employees to inject unsafe, untested horse shit. Now he's ripping off MSB and threatening the employment and lively hood of Northshore miners, to teach MSB a lesson to bargain lease rates. What next as he also went political, congratulating an administration that most believe doesn't exist. The CEO has really lost it and some believe he became a cracked pot. Maybe just stressed out but definitely a mess and not the same.

Look at the Pic. WTF is going on?

People are figuring out, he's not what most have expected of him. And what's up with the filthy unclean photo of him and his kid, CFO Cessor holed up somewhere. WTF

I believe shareholders need to review his job description and maybe elect somebody who will take the position seriously.

Where the hell is this? Notice Cessor's there, probably with the company checkbook, just in case. Are they holed up in a Bunker like many elites in fear. Wearing Military clothing and Congo charms. What is this?