Cleveland-Cliffs (CLF)

Add a New Bears Reason Company: Cleveland-Cliffs (CLF) Current price: Headline: (100 character max) Analysis: Cancel 100% agree 1 votes edit Sales too focused on main clients Top Contributor: Charles Colon | Created when NYSE:CLF was $95.84 | Edit | History 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. (100 character max) Cancel 0% agree 0 votes edit Industry facing many problems Top Contributor: Charles Colon | Created when NYSE:CLF was $95.84 | Edit | History 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. (100 character max) Cancel 0% agree 0 votes edit Increased expenses in Brazil and Australia due to falling dollar Top Contributor: Charles Colon | Created when NYSE:CLF was $95.84 | Edit | History 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. (100 character max) Cancel

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