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Stock impact report

Cleveland-Cliffs' Management Thinks the Future Is Incredibly Bright [The Motley Fool]

Cleveland-Cliffs Inc. (CLF) 
Last cleveland-cliffs inc. earnings: 2/20 07:00 am Check Earnings Report
Company Research Source: The Motley Fool
The days of fretting bankruptcy are a distant speck in the rear-view mirror, and the company is well positioned as we head into the next decade. It wasn't that long ago that Cleveland-Cliffs ( NYSE:CLF ) looked like a company on the brink of insolvency. A few incredibly ill-advised investments right at the height of the commodity boom in 2010 left the company with loads of unprofitable assets and an onerous debt load. These factors were a large reason activist investors shook things up and put current CEO Lourenco Goncalves in charge.  Under Goncalves tenure, the company was able to avoid bankruptcy, an achievement Goncalves has said was his biggest accomplishment. Since then, the company has been making all the right moves to turn itself back into a profitable business and is now churning out relatively steady profits. Now, it looks like management is going to turn its attention to rewarding shareholders for sticking through these tough times. Here are a few quotes fr Show less Read more
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