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Company: CLIFFS NATURAL RESOURCES INC. (CLF)
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  Cleveland-Cliffs (CLF)/Bears/Increased expenses in Brazil and Australia due to falling dollar

The falling dollar is leading to increased expense in Cleveland-Cliff's foreign operations in Brazil and Australia. This contributed to decreased profits in the third quarter of 2007 compared to 2006.

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  Cleveland-Cliffs (CLF)/Bears/Industry facing many problems

The Steel industry, as Cleveland-Cliffs customer, is facing problems including foreign steel imports, a struggling U.S. Housing Market and trouble in the domestic Auto and Truck Industry.

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  Cleveland-Cliffs (CLF)/Bears/Sales too focused on main clients

Five North American steel producers accounted for 91% of the company's 2006 sales. In the volatile Steel industry, if one of these companies was strained, this could lead to trouble for Cleveland-Cliff's profits.

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