DE - The Current Version Of Cleveland-Cliffs Is Lourenco Goncalves' Defining Masterpiece
- Cleveland-Cliffs is a stock that I have been covering publicly on Seeking Alpha since May 2016.
- Shares of CLF have increased 385.8% since my initial publication date, outpacing the SPDR S&P 500 ETF, which has gained 87.5% over this time frame.
- While Cleveland-Cliffs' common shares have done well on a percentage basis since their 2016 depths, they are still trailing the absolute performance of their mega-capitalization peers.
- Fortunately, supply/demand fundamentals for steel are incredibly favorable, and this is going to lead to a super cycle boom in income and free cash flows for Cleveland-Cliffs.
- With the benefit of hindsight, Lourenco Goncalves' transformation of Cleveland-Cliffs, including the acquisition of AK Steel and ArcelorMittal's U.S. operations near the bottom of the cycle, is going to be a defining masterpiece.
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The Current Version Of Cleveland-Cliffs Is Lourenco Goncalves' Defining Masterpiece