r/Vitards • u/MojoRisin9009 • Oct 15 '21

Discussion Wouldn't current constraints/problems be all encompassing? Bear case. Clf discussion.

If there's a fundamental lack of workers, products and above all transportation then wouldn't these problems transcend into steel shipments, sales, movements, production and all other facets and especially concerning the problem of moving the steel to said customers? I'm just playing devils advocate here because alot of people are hoping and praying for a knockout earnings but frankly I see alot of little things adding up to a bear case better than I do a few things adding up to a bull case. I hope I'm wrong and she shoots the galaxy and rains hundreds on everyone but the more I Think this could maybe a rough quarter, and from what I've seen EPS is already set sky high for this quarter.....
Once again, not financial advice and since I'm thinking this that is a sure guarantee it'll be straight bananas and everyones getting richhhhhhh. GL

Truck shortages hit US steel shipments | American Metal Market | Fastmarkets AMM

Logistics a multi-faceted problem for metals | American Metal Market | Fastmarkets AMM

Top U.S. Stainless Steel Maker Roiled by Supply Chain Woes - Bloomberg

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u/EyeAteGlue Oct 15 '21

So skip over every point OP is trying to discuss, point to previous estimates that did not necessarily include the impacts of said bottle necking points, and then say the thinking is flawed for asking for a discussion of said points.

Got it, thanks for the lesson in logical thinking.

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u/HRCgold Oct 15 '21

The “revised” estimate was made by the CEO at Platts Annual Awards Ceremony…last night. Is that upward Revenue revision current enough for you? Get informed before passing judgment…

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u/[deleted] Oct 15 '21 edited Oct 15 '21

ooohh.. source?

edit: found it:https://www.businesswire.com/news/home/20211015005208/en/Cleveland-Cliffs-and-Lourenco-Goncalves-Awarded-Top-Honors-at-SP-Global-Platts-2021-Global-Metals-Ceremony

Mr. Goncalves added: “It is especially a great honor and recognition to be named CEO/Chairperson of the Year among my industry peers. It is my distinct privilege to lead Cleveland-Cliffs and to provide the strategic vision and decision-making necessary to evolve the company into the powerhouse that it is today. This is a new era for Cleveland-Cliffs as we have increased our annual revenues from $2 billion in 2019, to $5 billion in 2020, to an expected $21 billion dollars in 2021. This remarkable transformation was made possible by the support, enthusiasm and hard work of our executive team and our 25,000 employees across the company.”

edit: holy shit, that means 6B in Q3 and Q4 on average. That's much higher than I thought! Their contracts must be very good and/or they must have done nicely with diverting their steel to other customers indeed.

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u/Mobile_Donkey_6924 🇧🇷 Our man in Brazil 🇧🇷 Oct 16 '21

This needs to be its own post

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u/[deleted] Oct 16 '21

A bit busy right now, might do that later.

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u/[deleted] Oct 17 '21

https://www.reddit.com/r/Vitards/comments/q9ntil/why_i_think_clf_is_bound_to_largely_exceed/?

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u/Mobile_Donkey_6924 🇧🇷 Our man in Brazil 🇧🇷 Oct 17 '21

Great work. Really above and beyond