$C:F reported a loss of -$0.11 vs est of $0.21.
The steelmaking revenues of $5.1 billion included $1.9 billion, or 36%, of direct sales to the automotive market; $1.3 billion, or 25%, of sales to the infrastructure and manufacturing market; $1.3 billion, or 25%, of sales to the distributors and converters market; and $701 million, or 14%, of sales to steel producers.
$CLF is one of my bigger holdings. Unlike commodity stocks/miners like $FCX, $GOLD, or $VALE; Cleveland-Cliff produces steel or a finished product that they can negotiate prices with to their customers.
The biggest concern I have with $CLF is that 36% of their revenue is from auto car manufactures. Obviously if a recession does hit the USA, no too many people are buying new cars.
The stock os down 1.5% or so AH; but a pretty good earnings all things considered.
[link] [comments] https://www.reddit.com/r/stocks/comments/12y5nu7/cleveland_cliff_earnings/
Login to add comment
Other posts in this group
Please use this thread to discuss your portfolio, learn of other stock tickers, and help out users by giving constructive criticism.
Why quarterly? Public comp
When you sell a stock to buy another stock, do you prefer to set the estimated amount of the capital gains taxes aside in a money market or do you think it better to
Saving for retirement is crucial, but relying solely on a 401(k) might not be enough due to high inflation. Consider investing in growth stocks, especially in the tec
I’m think this is not a good investment as there is no chatter at all on the 52 week low. They are involved in a class action lawsuits by investors and credit card co
Sorry if this is the wrong sub. Let’s say I had $1 million in VOO but I wanted to sell half of it to buy SCHD. It would suck to pay taxes on $500k. So how would you g
Hey guys, I did a deep dive into Crocs. In this analysis, I will do a brief breakdown of the company and go over some quantitative data, qualitative data and estimate
