Metals Channel
Market News Video Self Directed Investor The Warren Buffetts Next Door Stock Message Boards
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

CLF June 22nd Options Begin Trading
Thursday, May 3, 10:46 AM ET, by Market News Video Staff

Investors in Cleveland-Cliffs Inc (CLF) saw new options become available today, for the June 22nd ...

CLF Trading Below Director's Recent Buy Price
Friday, May 4, 11:13 AM ET, by Market News Video Staff

There's an old saying on Wall Street about insider buying: there are many possible reasons ...

VWO, CHL, ABEV, VALE: Large Outflows Detected at ETF
Monday, May 7, 10:59 AM ET, by Market News Video Staff

Symbols mentioned in this story: VWO, CHL, ABEV, VALE Exchange traded funds (ETFs) trade just ...

See How Cleveland-Cliffs Ranks Among Analysts' Top Metals Picks
Tuesday, May 8, 11:58 AM ET, by Market News Video Staff

A study of analyst recommendations at the major brokerages shows that Cleveland-Cliffs Inc (CLF) is ...

VALE June 29th Options Begin Trading
Thursday, May 10, 11:05 AM ET, by Market News Video Staff

Investors in Vale SA (VALE) saw new options begin trading today, for the June 29th ...

Bargain Bin Stocks: CLF Now 12.4% Cheaper Than Director Ross's Buy

By Metals Channel Staff, Tuesday, November 29, 12:38 PM ET
Play Video: One Reason For Insiders to Buy

If the video does not load after a few moments, Upgrade to the Latest Flash Player.

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on August 10, Cliffs Natural Resources, Inc.'s Director, Richard Andrew Ross, invested $211,980.00 into 3,000 shares of CLF, for a cost per share of $70.66. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Tuesday, bargain hunters could buy shares of Cliffs Natural Resources, Inc. (NYSE:CLF) and achieve a cost basis 12.4% cheaper than Ross, with shares changing hands as low as $61.90 per share. It should be noted that Ross has collected $0.56/share in dividends since the time of their purchase, so they are currently down 11.6% on their purchase from a total return basis. Cliffs Natural Resources, Inc. shares are currently trading up about 1.4% on the day. The chart below shows the one year performance of CLF shares, versus its 200 day moving average:

Cliffs Natural Resources, Inc. Chart

Looking at the chart above, CLF's low point in its 52 week range is $47.31 per share, with $102.48 as the 52 week high point that compares with a last trade of $63.70. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
08/01/2011 Andres Gluski Director 1,130 $88.42 $99,911.21
08/01/2011 P. Kelly Tompkins EVP Legal Govt. Aff.& Sustain. 2,500 $89.17 $222,933.25
08/10/2011 Richard Andrew Ross Director 3,000 $70.66 $211,980.00

The current annualized dividend paid by Cliffs Natural Resources, Inc. is $1.12/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 11/16/2011. Below is a long-term dividend history chart for CLF, which can be of good help in judging whether the most recent dividend with approx. 1.8% annualized yield is likely to continue.

According to the ETF Finder at ETF Channel, CLF makes up 4.60% of the Steel ETF (NYSE:SLX) which is trading lower by about 0.2% on the day Tuesday.

See what other ETFs contain CLF
See what other stocks are held by SLX

CLF operates in the Non-Precious Metals & Non-Metallic Mining sector, among companies like Vale S. A. (NYSE:VALE) which is down about 1.4% today, and BHP Billiton Ltd. (NYSE:BHP) trading higher by about 0.3%. Below is a three month price history chart comparing the stock performance of CLF, versus VALE and BHP.

CLF,VALE,BHP Relative Performance Chart


The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.

This Article's Word Cloud:   Andrew   Below   Channel   Cliffs   Director   Metals   NYSE   Natural   Resources   Richard   Ross   Tuesday   VALE   about   annualized   asset   basis   below   buying   cash   chart   cost   currently   designed   dividend   down   escape   fillColor   history   hunters   insider   last   like   most   only   other   paid   performance   point   portfolio   purchase   reason   share   shares   stock   that   their   trading   which   with

Bargain Bin Stocks: CLF Now 12.4% Cheaper Than Director Ross's Buy | | Copyright © 2010 - 2018, All Rights Reserved

Nothing in Metals Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and metals stock videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Metals Channel; Meet Our Editorial Staff.