Cleveland-Cliffs: Buy The Dip, Challenges Are Likely Temporary
Cliffs(CLF) Seeking Alpha·2024-07-02 05:37
Monty Rakusen/DigitalVision via Getty Images My Thesis I've been covering Cleveland-Cliffs Inc. (NYSE:CLF) stock since June 2021, and all along I've been bullish on the stock for many reasons. The last time - in March 2024 - I argued that CLF had some reasons for margin expansion in the medium term, being driven by strong management (in my opinion) that prioritized buybacks and debt reduction. I advocated for buying the stock, which seemed undervalued in light of its superior projected growth rates in F ...