One of the better Mining Company around we can be used as a barometer.
CLF - N has a current value of over $100.00 per share according to VectorVest for its 146 million shares and it also pays a dividend of $1.12 per share.
So there it sits today undervalued to its present price of $51.17 per share.
WHY??? The present Timing number for it is 0.22 on a scale of 0.00 to 2.00. Nasty.
Yet, CLF is forecasted to have EPS of $14.49 per share. UNBELIEVABLE!
Usually one takes $14.49 times 10 for a proper stock price. >> $149.90
Try to find earnings comparable in any stock that can match that of CLF.
Market mood is lousey so we have to be patient until things turn around.
And EodWay.... many THANKS to YOU for your respected insights with regards to NKL.
YOU have been a ROCK and I'll always be indebted for your Caring to Share.