Readers of this space know that the investment bias is toward large-cap companies with demonstrated business models and who have a competitive advantage in established markets, preferably with a favorable global trend as a support. And with the above in mind, Cleveland-Cliffs is worth an evaluation.
Cleveland-Cliffs Inc. (NYSE:
CLF) is the largest producer of iron ore pellets in North America, and is also a major supplier of metallurgical coal to the global steelmaking industry.
Analysts like CLF's solid fundamentals, pricing power, and high customer retention rate.