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Stock impact report

Mesabi Trust: It Will Come Back [Seeking Alpha]

Cleveland-Cliffs Inc. (CLF) 
Last cleveland-cliffs inc. earnings: 2/20 07:00 am Check Earnings Report
Company Research Source: Seeking Alpha
SummaryThe iron ore and steel industries could still go higher or lower from here.Mesabi Trust offers a unique situation in that it has fallen as far as many in the industry, but it does not have any debt or any real existential risks.The company offers equity-like levels of return at bond-like levels of safety.Mesabi Trust (MSBIn this article, I hope to show the reader why MSB is safer than many other companies through this downturn and has an even greater chance of returning to former glory than others in the iron ore/steel industry. First, let's start with how the stock price has performed over the last year:MSB has fallen by almost over 60% from its highs last year and by 50% since this start of 2020. Due to the fact that it pays out essentially all of its earnings as a dividend and its earnings are based entirely off how much iron ore is mined from its mine, it is very tied to the price iron ore and, especially, the demand for iron ore. Here is the price of iron ore over the last Show less Read more
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