2024-04-02 08:40:48 ET
Summary
- Cleveland-Cliffs faces opposition to its potential acquisition of U.S. Steel due to monopolistic concerns.
- The company has a strong history of strategic acquisitions and a partnership with the United Steelworkers union.
- Cleveland-Cliffs has pricing power and the ability to generate positive free cash flow, making it an undervalued investment opportunity.
Cleveland-Cliffs ( CLF ) has stood out since last summer primarily over its contest with Nippon Steel ( OTCPK:NPSCY ) over the fate of U.S. Steel ( X ). Just Friday, automakers spoke out against Cleveland-Cliff's potential acquisition of U.S. Steel, citing monopolistic concerns....
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Cleveland-Cliffs Will Prevail, Whatever Happens