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Benzinga
Benzinga
Business
Adam Eckert

'This Company Is On Fire': Why This Investor Bought Cleveland-Cliffs Stock After Q4 Earnings

Cleveland-Cliffs NYSE Jim Lebenthal

Cleveland-Cliffs Inc (NYSE:CLF) is trading lower after announcing worse-than-expected fourth-quarter financial results, but one investor said the market is getting it wrong. 

What Happened: Cleveland-Cliffs reported quarterly revenue of $5.35 billion Friday, which came in below the $5.73 billion estimate. The company reported adjusted earnings of $1.78 per share, which came in below the estimate of $2.12 per share. 

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