Cliffs Natural Resources
Cliffs Natural Resources (CLF), a miner of iron ore metallurgical coal to the steel industry, had a banner year in 2011. Firm prices for its commodities fueled solid 40% gross margins, which led to profits of more than $11 a share.
Yet the positive backdrop has melted away, and profits are expected to fall by around 40% this year before rebounding to around $7 or $8 a share in 2013 and 2014.
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