Cleveland-Cliffs: Consolidation At Any Cost Comes With Strings Attached
Cliffs continues to underperform its peers, I outline some important red flags associated with the company's acquisition spree. I remain sceptical...
458 Views
Closing Some Idea's
In this post I tracked my performance on stock mentioned in my blog, and I would like to officially close some ideas here. I will start doing that...
360 Views
Cleveland-Cliffs: Proceed With Caution
Cleveland-Cliffs has been one of the greatest transformation stories, returning 150% since my first bullish thesis in 2019. Strategic capital...
299 Views
Cleveland-Cliffs, Pioneer Natural Resources, Tourmaline Oil: Too Much Commodity Exposure
Whenever I get a bit too interested in macro economics I see it as a signal that I need reduce my commodity exposure. I wrote short write-ups on...
158 Views
Cleveland-Cliffs
Trading at 10-12x FCF, debt free and ~10% ROIC at 2019 steel prices. 2019 steel prices were reflective of past decade average. Likely trading at...
143 Views