$CLF Take the long term view on this one. Always takes time for new market leadership to assert itself. Classic deleveraging & turnaround story going from -$52M to +$41M in a year on a strengthening balance sheet with no signs of slowing revenue growth. Monthly chart shows the path forward. I remember when people here on ST thought AMD was “done” after rallying from $3 to $20 when that turnaround was just getting started.
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@russellkbrett great comparison to AMD brother... I was a part of that cult in with 15k @ 1.63 after Goldman Schvantz downgraded them to a SELL...it was the greatest buy opportunity in history practically... CLF is no different...
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