$CLF bouncing at triple layer support. Looking for a double.

Panjang

Cleveland-Cliffs Inc. (NYSE:CLF)

NYSE:CLF Cleveland-Cliffs Inc.

$CLF recently posted strong earnings and instituted a dividend. $CLF is the #1 pure play iron ore producer used in making steel. I am looking for infrastructure rebuild to be a theme in 2019 of which $CLF will be a vital player. $CLF is buying back near term debt and has a strong free cash flow which is improving every quarter. Longer term I am looking for at least a double from here.

Penafian

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