WoW, some of the analysts are brutalizing Cliffs and even saying the sp is worth as little as $1.00

What a time for some larger player to take them out.

This quote is in the news.

** CLIFFS NATURAL RESOURCES, $18.28, down 14 pct (0933 ET)

Morgan Stanley downgraded the iron ore and metallurgical coal producer's stock to "underweight" from "equal-weight", citing an oversupply of iron ore in the Great Lakes region in North America in the coming years which will lead to a cut in the company's production and price.

"As the only non-steel making producer in the region, we believe CLF will be most impacted. US Iron Ore segment EBITDA could halve vs. 2012 levels," analyst Evan Kurtz wrote in a note to clients.