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Stocks C / Cliffs Natural Resources Inc.


Subject:  Re: Yikes! Painful Date:  4/1/2013  10:01 PM
Author:  LakeEffect Number:  62 of 78

I wonder why the community is silent on this one.

Cliffs is not widely followed at TMF, as evidenced by the mere 60 posts in the last 12 years. I've been in and out a couple of times in the last 10 years, and currently hold at a loss, too. My first impression to the recent drop was to hold, reinvest the dividend, and wait for the industry to cycle back into favor. I'm not so sure I'll follow that strategy, though, since there are other, better opportunities out there right now. The dividend cut and the fact that the expected "bottom" keeps dropping further, is not reassuring. Management is not inspiring a lot of confidence right now, either.
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