Don’t Fall Off The Long Cliff: Algorithmic And Summative Analysis Is Bearish On Cliffs Natural Resources Inc.
Summary
- The company recently announced a lawsuit against them for $52.6 million which was followed by a $500 million senior secured note due 2020 sell announcement.
- EPS down over 2000% from 2013, investors are weary of waiting for the rebound.
- Analysts agree the stock is unlikely to recover, which is supported by a strong Goldman Sachs iron ore price target for 2015.
- Algorithmic analysis and decision alternatives.