Coal Update After The Cliffs Natural Resources Call Today. Video. Bullish.

[ 0 ] February 17, 2011 |

Earnings for Cliffs Natural Resources ( CLF ), a leading Iron Ore Producer, will probably reach $14-$15 per share in 2011 versus $7.25 per share last year. Further improvement seems probable in 2012. These shares, at 7x projected earnings, are regarded as undervalued in a strengthening global economy, said Fred Lange of Lange Financial Services. Further, he said he recommends other commodity stocks such as ANR, BTU, and WLT.

SEE THE BRIEF CRAMER VIDEO CLIP BELOW FROM FAST MONEY TONIGHT ON CLF AND WLT. VERY BULLISH IN LINE WITH THE COMMENTS ABOVE.

Share

Tags: , , , , ,

Category: Economics, Markets and Trading