We came across a bullish thesis on Cleveland-Cliffs Inc. on r/wallstreetbets by politicalinvestor. In this article, we will summarize the bulls’ thesis on CLF. Cleveland-Cliffs Inc.'s share was trading at $13.36 as of January 13th. CLF’s trailing and forward P/E were 133.67 and 62.89 respectively according to Yahoo Finance.
Cleveland-Cliffs stands out as one of the very few steel companies that have not already delivered multi hundred percent returns over the past five years, creating an asymmetric setup as both company-specific and macro tailwinds begin to align.
After years...
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