CLF

PrairieMadness

I’m not really concerned. I’m dual invested in US semi conductor fabs and Steel companies like CLF for the long term. While INTC and TSMC are making foundries in the US it’s all going to require 75,000 tons of steel reinforcements and 35,000 tons of structural steel per factory. I’m not looking for overnight success but I have faith in the long term, especially with the geopolitical tensions rising.

AdhesivenessCivil581

I have that. The YOLO one went from 8k to 150k on penny stocks back down to 15k back up to 150k on covid time SPACs now it's down to 23k. I do take money out at times and put it into real stocks. There've been some petty good 10X real ones FCX, CLF, NVDA. TAYD in hindsight I wish I'd spent more time looking for those.

IHathReturned

That is an interesting point about CLF. It might be our investing style. I became even more attracted to copper after reading about which metals are the least and most volatile in price. Tried to find the article but can't remember the title. What I do recall is that gold and copper are the most stable. Presumably if my bets to against me, I'll lose less money. But, also I might gain less money if I am right. If I wanted to take on more risk, I might not have sold my nickel position and such. My favourite iron ore stock is Fortescue. Hooked on the gravity powered train. That is some creative cost savings.

PrairieMadness

Bought CLF in Jan and have been treated very well with 25%.

arcanesays

$CLF and $X are at a bargain right now.

Blunkus

CLF is a great company and stock. Paid for my car downpayment with the profits from it.

arcanesays

CLF is steady good money. Too practical for this group? $clf

arcanesays

CLF is steady good money. Too practical for this group? $clf

Cool_Cartographer_39

Well, if you look at the charts, they periodically go through cycles coinciding with construction, of course. With the rumors of interest rate cuts I thought it might be a good time, so took a chance there and with CLF. Rates didn't drop and CLF bid on X didn't go through, had already made about 30% on each so decided to move to cash in case of possible correction

EchoPhi

Honestly Microsoft, Ford, HITI, VISA, CLF (it is rotational but predictable and company fundamentals are solid). I like to be diverse I got equal $$ amounts in all of them.

MNrook

Don't know why, but you gotta love CLF climbing!

Art0002

It’s a great story. Am I supposed to be proud of you? I’m not picking on you. You said nothing. We could give you some analysis if you could give us a ticker. It mostly 3 or 4 letters, sometimes 2. Sometimes one letter. I don’t think it’s too much to ask. I sold a 19 strike put on CLF. There is no way I can’t lose 200k on that trade. Maybe $1900 minus the premium I was paid.

pottrpupptpals

CLF looking juicy

jusjones314

CLF saying they're going to make an offer for US Steel at about 30 a share is hilarious like bro... Nippon offered 50, do you not understand how to negotiate 😂😂😂

Swords_Not_Words_

But its not US Steel isnt some powerhouse in the industry, in fact tge US would produce many multiple times wgat wed need in a war for steel even without US Steel. And Japan us one of our biggest allies. And even if they werent those mills are on American soil, worked by Americans. Also the Nippon deal would improve US Steel.who fell behind. It will keep jobs, create more, etc and creates competitive prices which are good for consumers. Meanwhile if CLF buys it thered be instant layoffs,plants would close, the HA shuts down and is merged in Cleveland, and a cpuple companies have a stranglehold on prices domestically so consumers would get fucked. Plus uits about taking on the big Chinese companies globally which Nippon lus US Steel becomes a top 3 or so company globally (US Sreel.and CLF arent even top 20)

myboywears

Lmfao literally. At this point fuck logic. You should hope into AMD 200C 3/15 if you can. If not 3/8. But if you don’t feel like playing that, here’s some other options AMZN 180C 3/8 TGT 160C 3/8 or 3/15 GOOG 145C or 150C 3/15 MSFT 430C 3/15 CLF 25C 3/8 or 3/15 I’d love to say META 500C but it’s being so lame right now and can’t properly clear $490. That’s really all I see right now. Hope this helps bro

GladBig4441

Holding RGTI. Might unload CLF.

humblepharmer

First clip is 5 years old. CLF is up 68% from 5 years ago. He as true to his word lol

Gewoongary

The worst I don’t know. But the funniest are by far (and it’s not even close) CLF earnings calls. Lourenco Goncalves is a savage. https://youtu.be/kcagi2icXaU?si=Pko_YK6jfczeYEe5 https://youtu.be/zdqUvGsidbM?si=NsCdzjHtWeYKykB0

butterbob74

Well they just decided not to keep tariffs on steel which is forcing the closure of a Tin mill. Probably not too bullish on CLF probably why he sold those.

SEND_ME_PEACE

CLF? Hmmmmmmmm me no likey

Ply2Mch

What’s up with the naked strangle on CLF that far out?

Dismal-Anybody-6702

I think he's wheeling CLF. I don't know why it's not that great of a premium. Hmm

UsePeakBot

A few grand is more then enough to start selling options! A couple I currently sell options on is CLF, PLTR, AAL, RIOT(when around $10 and stop at $15). Each one I think is under or fairly valued which is the key to selling options. I make about $80-$100 week which is about 1% definitely solid. Let me know what you think of these.

precipicethoughts

CLF op

chitinval

Not going with X. CLF is a better company. So undervalued. going to $40

superfluum

SPY went down, CLF and SAVE went up. My calls are happy

Daddy_MoreBucks

Sold Visa and GM calls today at a nice profit. Wondering if I should’ve stayed in. Holding OSK and CLF through earnings. Pray for steel and trucks

ErinG2021

CLF dropping 2.4 % on top & bottom line misses….

DroneGuruSD2

CLF calls, let's go!!

JAnon19

Full port into CLF?

Familiar-Mix-749

CLF flying this week

No-Bee2669

CLF call, WHR call, UPS puts hope I don’t get clapped 

marketd3stroyer

In the CLF call club...I agree but wondering why all the execs sold off a bunch of shares at the beginning of 2024?

hellojabroni777

CLF calls

ErinG2021

Calls on NUE & CLF. Lots of free cash flow & CLF recently raised prices.

PangolinSpiritual653

“This right here “ ☝🏼 Preach it . People were making fun at me selling 16/20 delta Put credit spreads on F, CLF , M ,now they are asking to borrow money ..LOL All the paper trading doesn’t compare to taking small trades and learning the fundamentals of options

Jerzeyjoe1969

NIO, SOFI, PLTR, AAL, CLF, F All under $20, a few under $10.

Newerphone

CLF on the 100 and 200mda And has earnings next week. I’m gonna put 10 doll hairs on a call option

33445delray

Commodity sensitive: STLD, XOM. EGO, PAAS, NUE, E. GDX, CLF My guess.

LogicalGoal7143

900% was QCOM earnings play. 2200% was CLF during a sector wide 3 day bull run. Both were OTM calls. Neither of these were all that recent.

coastalpika

Been sitting on a lot of cash and just loaded up on a lot. AAPL, PLTR, GME, TSLA, CLF, CCRN and a lot of oil names

Swords_Not_Words_

So, after I made $$$$ of US Steel (bought low 20s, sold over 50) it got me thinking..They had a lot of offers..You think some of them might start trying to acquire CLF as a second choice? Nippon is making a calculated bet that theres plenty of business in America coming for the industry and the fact that we know of like a bunch of companies who offered to buy US Steel. I know CLF and Ohio politicians are throwing a hissy fit over not being able to steal US Steel with their terrible offer but if a big offer comes along I wonder if theyd all have the sane attitude.

Eisenkopf69

GME & CLF my best ever moves lol

GMEvolved

NUE has 4x it's stock price since 2020, CLF has almost 5x since 2020, MT has 3x....... not sure what your definition of a good sector is lol

nateccs

anecdotal but i hear CLF are a bunch of dirty rotten scoundrels. if Nippon can inject some efficiencies into US steel it will be a win win. slightly concerned on us gov supply chain concerns tho.

AlfrescoDog

Ultimately, [I did play CLF's breakout yesterday](https://www.reddit.com/r/Vitards/comments/18rsd6w/comment/kf4likc/?utm_source=share&utm_medium=web2x&context=3) (Dec 27, 2023) at the open. Once again, I'm able to make money with the play. However, the time limit and target prices are the ones that keep making me lose these bets. I mean, not even with the breakout attempt did CLF reach 21.37. Tsk tsk.

Narfu187

I think you will see that happen. CLF is on very good terms with their union and the union is 100% in the Biden administration's ear.

Frankerporo

1) you’re wrongly assuming the rise in stock price in the last few months is purely attributable to the CLF offer, and 2) again, you can’t just compare the offer price to a trough 4 months ago and call that the “fair market value”. If you look at implied multiples for the offer, it’s not even that crazy

Narfu187

There are really only a couple of accepted valuation methods: DCF and comparable sales. Not much for recent comparable sales, but if you had to go that route you’d look at AK Steel which CLF bought a few years back. My analysis assumes efficient market philosophy which means DCF is built into the pre-offer stock price. However, the premium assumes a DCF on the synergies. My point is that the synergies creating 50% more value is already a tall order, 157% is insane and not possible, especially from a foreign company that is trying to break into the space here in America and has no current local synergies.

Narfu187

I have owned CLF for about 3 years and kept a close eye on the steel industry sector. Bought X after CLF's offer with my Roth IRA money because it was hovering $30 and the offer was $35 with a likely bidding war brewing at the time. I just sold my $X at $48 because I don't think any real valuation can get you above $42. You can see there is a higher cushion between buyout price and current price than there was when CLF was the only offer on the table. That additional difference means higher risk. I think the risk is even higher than what is being priced in given the political climate.

Narfu187

You are right. That's what CLF offered. Nippon offered a 157% premium.

Swords_Not_Words_

Yeah there were like a dozen offers and CLF had the shittiest one..It wasnt even all cash

Swords_Not_Words_

CLF deal was like $15 per share plus a share of CLF which was like 20. Nippon offered 55. But CLF and Ohio politicians are butthurt because CLF couldnt steal it.

Swords_Not_Words_

Probably stays the ssme since their offer was the lowest out of atleast a dozen offers we know about and CLF couldnt even do a full cash offer..So nobody with a brain thinks CLF is going to buy X at this point. And this Nippon deal is most likely going through.

Swords_Not_Words_

CLF wasnt the only company to offer, their offer was the lowest. There were offers in the 40s per share and probably higher..We know of like a dozen comoanies who offered. Nippon is thinking long term with their investment. The infrastructure plans in America are one plan, its easier to do business here when they gave mills gere because shipping steel overseas is expensive. The other plan is to grow their comoany globally. Theyd immediately be a top 2 or 3 company globally and can market themselves as the best steel company on the planet because Chinese steel has a poor reputation. Biden cant just reject things based on feelings. The goverment talk is just political theater and sabre rattling that isnt based on facts or logic. Security expetts alreafy stated this isnt a national security issue because the US produces way more steel.than the military would ever need so its just insignificant. Japan is also one of our biggest allies and this deal creates a company that can compete globally with the big Chinese companies. 6/10 of the biggest Steel companies on the planet are chinese while not a single US company is top 15. Also Nippon investing in this is investing in America..It saves jobs and creates more. It takes an ancient relic of a company with old ass tech and revitalizes them. It creates competition domestically which is good for consumers. And Nippon has a good rrputation in this industry. Last I checked US steel closed granite city, was outsourcing jobs, laying peopke off, but I guess thats all ok as long as they have the illusion of "American owned" But you somehow think CLF who cpuldnt even make a full cash offer and gad the worst offer we know of out of dozens of comoanies is going to get this because some politicians from Ohio are butthurt? Politicians and union leaders say a bunch of stupid shit all the time and would sell their soul for a few grand But typical dumbass bear play, ignore reality and just make up some nonsense and then huff copium.

PlutosGrasp

OP just making up shot. Where’s $42 offer from CLF come from? Complete fantasy. CLF low balled originally. Not surprised X said no. They then went out looking at offers which we don’t know what they were, and nippon was top. There’s probably a sizesble break fee I’d deal doesnt go through. USS is like 15% of domestic steel production. Not a big issue. Japan is a close ally of USA. No tech transfer. No physical asset transfer. No risks whatsoever. Gov people saying block it are just chattering for votes. OP is the opposite of intelligent.

Narfu187

Deal has to have wildly good synergies to make sense. Frankly I see substantially more synergies with a CLF buyout than a Nippon buyout and I thought $35 was a high price.

Swords_Not_Words_

Japan us one of our biggest allies.. JD Vance is a fucking idiot and crying like a baby because CLF(from his state) couldnt steal US Steel with their lousy offer. US Steel isnt even a top US Stedl company and certainly not the only one. Also experts weighed in and said its not a sevpcurity issue because we profuce way way way mre steel already than wed need for war so something like Us Steel would have zero impact on that. You should probably educate yourself before parroting what some idiot politician thinks, espscially one with an obvious ulterior motive.

Swords_Not_Words_

Might be the dumbest play Ive seen lately. Theres no valid reason for the govermrnt to block this. National security experts weighed in and they all said its not a national security issue and the amount of sterl needed forvwar time is such a tiny insignificant amount compared to what we produce (and US Steel and their old ass inefficient furnaces from 1895 wouldnt realky be the forefront of that) Secondly Japan us a very close ally and Us Steel and Nippon combining takes the fight to the Chinese Steel companies globally A lot of the politicians are saber rattling but its all theater..They like to do speeches in front of the Steel Mills because it looks good but then dont do shit to actually help. If you look at the Pittsburgh subreddit a lot of actual steel workers are ok with this takeover and probably hate their union leader. Some politicians from Ohio butthurt CLF couldnt steal US Steel as well. Nippon is investing because they see a lot of business in the future..That means jobs are here to stay and more created. Nippon said Us Steel hq can stay there, they said theyd honor previous union contracts, and they are a company with a great reputation in the industry. US Steel was previously outsourcing jobs, laying people off, and just closed Granite City mill but I guess thats ok as long as it has the illusion of America owned, right? Except its a publically traded company so anyone can own it. And then you arent factory in there were atleast a dozen offers to buy US Steel which is bullush AF if this deal.somehow doesnt go through (it will as I stated above theres no reason to block it) Then you think the government furing Xmas and NY season is going to make a decision in a month? Almost half of which they will be on vacation for? You know the biggest reason it dropped from 50 to 47? A lot of people like me sold over 50 when the news broke and took their profits because wed rather have the money now then wait months and months for a few extra dollars per share max..I bought in the low 20s, selling over 50 is a big win. A lot of experts think this is a good deal for everyone, its just the dumbasses and xenophobes opposing it. And politicians trying to rile up those types to pretend they are on your side vecayse every vote matters.

bzzzp

[CLF chart](https://ibb.co/9HfSvDs)

PlutosGrasp

I have puts on CLF. I think it will bleed down as deal hype falls. Puts are not expensive.

WhiteDudeInBronx

Long term steel investor here with a cost avg of $4.90 on $CLF. Don’t trade options on steel unless you buy calls into 2025. The premiums won’t pay unless the market goes full commodity super cycle mode.

Swords_Not_Words_

Just dumbfuck xenophobes and racist who think every Asian country is China. Japam is a very strong ally yo the US, why put that into question because a few dumb fuck politicians need to pander to their base. National security issues already said this isnt an issue. Right now 6/10 of the top steel companies are Chinese. None of those in the top 10 are American. Also this Nippon Steel is good for consumers in the US because it keeps things competitive. If US Steel was sold to lets say CLF, well youd only gave two choices domestically and youd get fucked..Think about cable/internet, you have two choices in most places and both those companies can work together yo fuck consimers because you literally have no other choice. As for politociabs. Sloth is from that part of PA and needs those votes from the dumb xenophobes so hes gonna kick up s guss..JD Vance wants CLF to own it because thats his state. Politicians are as easy yo read as a book. I think itd gonna be a lot of theater where the goverment pretends to care to pander to certain people but id be shocked if this doesnt go through. Its weird to weaken a relationship witj our greatest ally in Asia just to pander to dumb gucks for votes. As for me. I bought in the low 20s, sold the second this deal was announced at over 50..I got paid. As for my advice, I wouldnt go puts over this. They just ttuing yo scare you into making dumb plays. Also, there are like a dozen companies interested in US Steel and the fact that they are getting these big offers is nullish for them and the industry...so puts/shorting is a dumb idea.

AlfrescoDog

!banbet CLF 21.37 7h

AlfrescoDog

!banbet CLF 21.40 104h

AlfrescoDog

!banbet CLF 21.38 104h

stack_cats

CLF's low ass bid will get accepted when the legislature smashes Japan's hopes. At least that's what the recent price action tells me some people believe

PlutosGrasp

Didn’t he also lose a ton on CLF calls?

Swords_Not_Words_

A few dumbfuck politicians who cant tell the difference between China and Japan are yelling nonsense about US Steel being bought. They dont realize a) Japan is a MASSIVE ally to the US b) The jobs are staying here c) Nippon Steel is looking to make money with all the infrastructure plans in the US and also want to grow so they can compete with Chinese companies because 6/10 of the top steel.companies in the world are chinese. As for the US, this deal is good for consumers. More options to buy from means competitive pricing, where as if CLF and Us Steel combined well your choices would be slim and they could just charge however much they wanted and cnsumers get fucked. Why area few dumbfuck politicians attempting to disrupt the great relationship we have with Japan just because of xenophobia or "a couple dumb fucks in my state are racist but I need their votes" And theres dumbfucks on both sides who are talking like this..Of course Vznce from Ohio wants Cleveland Cliffs to buy it, dude has about 2 brain cells total and its obvious ehy e wants that and opposes everything else. Security experts already stated its not close to a "security issue" and if you have more than two brain cells youd know the steel mills are on US soil worked by Americans and again, Japan is our ally. So basically its a few ignorant dumbfucks going "muh state" and america" with no real reason..I seriously doubt this gets blocked..There are plenty of "American" companies not owned by an American. Did these same politicians throw a fit when GE was bought by a Chinese company? No. So if you are pkaying puts, dont. I think youll get fucked because the deal will probably go throygh..The small drop you saw was people like me who took our profits and sold yesterday at $50. I got paid so idc just giving you all .y two cents on the subject.

TimeTravelingChris

I am all cash because I can't see anything that isn't pricing in infinite growth. Even basic companies like CLF have exceeded price targets. Everything is expensive and it feels like we are due for a healthy pull back. IF (big if) I had to pick some potentially underpriced stocks I might say 1) small refiners, but good luck playing oil markets 2) Chip makers not named Nvidia.

Foreign_Lawfulness34

I am a CLF stockholder. Would love to see CLF go up a similar amount. If CLF were valued the same way as X by this buyout, it would be up there around $50

Foreign_Lawfulness34

Nippon agrees to buy USS for $55 cash. Union is not happy. X is up 26% today to $49.60, hell of a premium compared to back before CLF made an offer. But also CLF up big, 10% today to $20.50. I want to see CLF go up much more. Overall CLF share price should be about equal to X.

SelfDiagnosedUnicorn

$X up 26% because it's being bought by Japan's Nippon. I own CLF, which is up 9% following X's coattails, and CLF's CEO issued a statement about X's acquisition saying it proves that CLF is still undervalued and needs to be re-rated. Also made a statement on debt improvement and future share buybacks.

Cool_Cartographer_39

Last 5 bucks is because deal hasn't gone through... X is kinda squirrelly regarding disclosures. Nippon may have agreed to their terms, but CLF flat out refused when they were bidding. We'll see.

Swords_Not_Words_

CLF offer was laughably bad. It wasnt even full cash.

Newerphone

CLF calls if you feel like chasing Steel.

No_Cow_8702

$X having multiple bids to be bought out by $CLF or $NUE

Vincent_van_Guh

Puts on NUE / CLF? Steel has often been a sell-the-news sector. With these two running up in anticipation of an X announcement, might be a good time to bet on a reversal.

chiefdood

they already said they had a 1-2 banks lined up to finance it. financing isn’t an issue. a collective company would steamroll. Also, for those keeping score at home, CLF has less debt than X. X just maintains more cash on hand. By the end of this Q, I’ll likely argue they have equally decent balance sheets. Again, CLF opts to utilize its cash and X stockpiles it. Not saying one is right or wrong - dependent on a bunch of things. If that deal goes thru both shareholders win

drew-gen-x

Pretty sweet day for commodities. Alcoa $AA is up 14.5% today. $FCX is up 7.5%. $CLF is up 5%. The DXY is under 102. The inflation trade 2.0 is about to begin : )

unwanted_hair

Help me out here, I'm a little regarded, but how is CLF paying for X?

SelfDiagnosedUnicorn

For me, everything is up, so just my positions that are up over 4% today: ASO up 8.26%, HBM up 6.57%, TITN 5.60% (which is a partial recovery from its huge ER drop yesterday), CLF 4.75%, AMR 4.13%.

Ackilles

Farmer Jim please, pump that CLF!

MattieShoes

Still seems to be on an up-trend, other than the blip in 2020 https://fred.stlouisfed.org/series/CLF16OV

soup_cow

CLF

MinnieMoney21

Steel isnt-- spot prices up some 20% in the last month or so from CLF increasing floor prices per ton. Auto workers with pay bonuses and higher rates working through could spike the income figures.

SameCategory546

pbr.a is a massive brazilian oil company preferred shares. Some political risk but high dividend yield and imo political risk is overstated. One of the few big companies that can organically grow production in a huge way. CLF is steel. Iron ore and steel prices have broken out and CLF is imo the stock that rises the most with iron prices that isn’t a microcap. URNJ is an etf of uranium junior miners. Once cameco reaches new highs (it has been 52 week high after 52 week high lately), the smaller juniors will lag and later in a bull market will outperform. One lesson from the gamestop saga is that if anyone has to buy something and will pay any price, they will eventually be forced to by the financial community. Utilities fuel costs are a drop in the bucket of what it takes to run a nuclear plant, so they will pay even up to 4 or 5x the current price for uranium. Maybe even more. It is the one commodity that is recession proof.

Unusual-Addendum-169

What does CLF do? I'm researching about these most of those have to do with precious metals like iron and oil right?

SameCategory546

CLF, VALE, URNJ and PBR.A, for example. PBR.A and VALE are cheap enough now that they may even be good to hold forever

SilkyThighs

Boeing, CLF and....PTON Im almost a boomer

NoctRob

You mean the steel company that’s being pushed up by the pending acquisition offer from CLF? Oh. Cool. Got it.

touchmy_nonos

PACW AND CLF calls!

dadjokenumber11

Ha! What a fun reminder of how I bought the hype pretty hard. Looks like CLF was trading $21.16 two years ago and then peaked at around $33 the following March. It has since tumbled. The thesis? Wrong obviously. Steel prices cooled off, Cliffs didn’t pay off all debt as expected, and they have recently been trying to acquire us steel in the face of the uaw strike and the likelihood of trump era steel tariffs ending. I’m still a believer, however. Steel prices remain elevated above prepandemic levels, the consumer demand for vehicles continues, and CLF seems to be confident in its own profitability given the bold move re: us steel. I’m still long CLF and I’m looking forward to earnings Monday after market close. Cheers!

WorriedDouble2275

I'm really debating on this one play, but I Just don't know. Anyone eyeing CLF?

bat_vigilanti

Not yet but I will maintain a journal from now on, thank you for your insights, lastly what is a put CLF?

Art0002

Good point. Also the credit you pay for long options is your max loss but that only applies at expiration. Paper trade like it is real money. 1 contract will show you what you need to know. Buying 60 calls on SPY and selling a put on CLF doesn’t really even out. Hopefully you have a journal that details your thoughts on each trade. That is really important.

Aeneas21

I get that, although BONUS and SMART shells do have chips in them I think. I was making a point that in some cases, peacetime production and stockpiles have proven to be insufficient and companies like GD are basically saying "oh fuck shits going down". I belief CLF has started production on a brand new factory in PA just to make the metal tubes for ramped up shell production.

BedRiddenWizard

I held puts on fucking CLF. It's not moving 😮‍💨

BedRiddenWizard

Doubled down on CLF puts and it's showing strength on an imaginary support level . Guhhh