Jan 5 (edited) • Long term investing ideas
Cleveland-cliffs (CLF)
Can Lourenco pull it yet again? CLF wanted US Steel (X), but they rejected the bid and went with Japanese Nippon. Biden killed the deal. In the meantime, Lourenco purchased Canadian Stelco. If US finds itself in a recession, we may see CLF back at $2.5, otherwise it may bottom at this level. Remains to be seen. I am willing to DCA at key levels.
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Cleveland-cliffs (CLF)
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