The coming week could be key in determining whether investor sentiment improves or continues to suffer.
The week ended March 20, 2015 saw Cliffs Natural Resources (NYSE:CLF) set a new 52-week low and a multi-year low. The common stock closed the week at $4.30 compared to the 52-week low of $4.12, or about the price target set by the analyst at Wells Fargo. The exchange between the CEO and analyst from a recent conference call is shown below.
Stan Dubinsky - Wells Fargo
Great, thanks. Thanks for taking my question. Just in the Q3 looks like pricing was pretty good in the U.S., better than I thought based from the [indiscernible]. Was there any higher price carry returning from the first half, just because I know there were some supply disruptions that pushed H1 into Q3 a little bit. Then I have a couple of…
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Source: SeekingAlpha (March 24, 2015 - 10:15 AM EDT)