Cleveland-Cliffs: Proceed With Caution
Cleveland-Cliffs has been one of the greatest transformation stories, returning 150% since my first bullish thesis in 2019. Strategic capital...
469 Views
Cleveland-Cliffs, Pioneer Natural Resources, Tourmaline Oil: Too Much Commodity Exposure
Whenever I get a bit too interested in macro economics I see it as a signal that I need reduce my commodity exposure. I wrote short write-ups on...
280 Views
Cleveland-Cliffs
Trading at 10-12x FCF, debt free and ~10% ROIC at 2019 steel prices. 2019 steel prices were reflective of past decade average. Likely trading at...
246 Views
Cleveland-Cliffs Is A Long-Term Buy, But Don't Get Caught In The Short-Sighted Mania
As a long-term investor in Cleveland-Cliffs with cost basis in mid-single digits, I remain committed to my investment thesis. The previously...
294 Views
Australian Material: FMG - Too Rich Compared to Its Peers?
Fortescue Metals (FMG AU), an Australian pure-play iron ore producer, has returned nearly 130%, whilst LSE listed Ferrexpo Plc (FXPO LN) is trading...
515 Views