Myskin
Forumer stoico
non me lo fa leggere..me lo riassumi in poche parole se ti va??
sono dentro la 2040 con un cippino preso a84 dolalri..
Cliffs Natural Resources Could Be Worth Way More Than $1 Per Share
Dec. 22, 2014 9:58 AM ET | About: Cliffs Natural Resources Inc. (CLF)
Disclosure: The author is long CLF, CLV. (More...)
Summary
Credit Suisse reduced its price target on CLF from $10 to $1.
There are five steps to regain bondholder confidence that could amply reward stockholders.
A review of U.S. iron ore operations revealed something surprising.
Cliffs Natural Resources' (NYSE:CLF) valuation problem is the result of the soaring yield demanded by its bondholders. In simple terms, an earnings stream of $1 discounted at 5% suggests a value of $20, while that same $1 earnings stream discounted at 15% suggests a $6.66 value, and when discounted at 18% suggests a $5.55 value.
