Cliffs Natural Resources: Time to Sell?
July 01, 2015 at 10:22 AM EDT
Wolfe Research’s Gordon Johnson argues that it’s time to add to short positions in Cliffs Natural Resources (CLF) and Fortescue Metals Group (FMG). Explains why: Reuters As we see it, iron ore prices are likely to have to fall to <$47/mt, and stay there for a while, for supply/demand to balance. For the first time [...]
