Cleveland-Cliffs: Capital Allocation [Seeking Alpha]
Cleveland-Cliffs Inc. (CLF)
Last cleveland-cliffs inc. earnings: 2/20 07:00 am
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US:NYSE Investor Relations:
clevelandcliffs.com/investors/overview/default.aspx
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Source: Seeking Alpha
Cleveland-Cliffs: Capital Allocation Summary Hot-rolled coiled steel has been in a free fall. Iron ore had been surging before it cooled off. Shares repurchased are under water. A change in capital allocation could unlock value. Cleveland-Cliffs ( CLF January 2019 “Had it not been for the share repurchase announcement, the shares might have been considered for a high-risk investment or trade. Change Year to Date The CEO of Cleveland-Cliffs has been frustrated over the share price, feeling that that it is undervalued. This is understandable. In November 2018, the Board of Directors Nearly $300 million has been spent on acquiring shares. Cleveland-Cliffs reported in a 10-Q It is unclear why so few shares were repurchased during January 2019 when the share price was lower and no shares were repurchased during April and June 2019. The share price closed on September 8, 2019, at $7.26. Therefore, the nearly $1.00 per share paid per outstanding shares as of October 17, 2018, resulted in a p
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CLF
News
- Cleveland-Cliffs Applauds International Trade Commission's Decision to Uphold Tariffs on Japanese Imports [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs Applauds International Trade Commission’s Decision to Uphold Tariffs on Japanese ImportsBusiness Wire
- Should Shareholders Reconsider Cleveland-Cliffs Inc.'s (NYSE:CLF) CEO Compensation Package? [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs Inc. (NYSE: CLF) had its price target lowered by analysts at Morgan Stanley from $20.00 to $19.00. They now have an "equal weight" rating on the stock.MarketBeat
- Cleveland-Cliffs Inc. (NYSE: CLF) had its price target lowered by analysts at B. Riley from $25.00 to $24.00. They now have a "buy" rating on the stock.MarketBeat
CLF
Earnings
- 4/22/24 - Miss
CLF
Sec Filings
- 5/3/24 - Form 8-K
- 5/1/24 - Form 4
- 5/1/24 - Form 4
- CLF's page on the SEC website