Saturday, October 1, 2011
Cliffs Natural Resources
I just checked out the September "Value Line" presentation for Cliffs Natural Resources, and it is booming right along, even while the stock price dropped to around $50 a share. The Net Profit Margin is projected to widen and earnings expectations are moving upward from the previous presentation. This may be one of those rare deals where we want to hold it beyond the 100% pop, as it appears to have an economic engine without visible end.