Expect soft Q1 and beyond from Cliffs Natural, Wells Fargo says
05:39 PM ET · CLF
It’s easy to blame the winter weather for any earnings disappointments this quarter, but don’t buy it when Cliffs Natural Resources (CLF) uses the excuse when it reports April 24, Wells Fargo analysts say.
Investors likely will focus on restructuring efforts, particularly progress in either selling or finding a partner for high cost Canadian operations, not an easy feat in a downturn; CLF also is evaluating an MLP structure for its U.S. operations, but the firm does not view an MLP conversion as a de-leveraging event.
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April 22nd, 2014 at 7:54 pm
Expect soft Q1 and beyond from Cliffs Natural, Wells Fargo says
05:39 PM ET · CLF