Down Over 70%, Is Cliffs Natural Resources Inc. Stock Worth Buying Today?
Cue the Charlie Brown sad piano music, because investors who hold a stake in any part of the iron ore, metallurgical coal, or steel manufacturing business have been taken to the cleaners so far in 2014, and no two companies have fared worse than Cliffs Natural Resources and Walter Energy . With both companies down more than 70% this year, there are lots of nervous investors wondering why these two have suffered more than anyone else and whether they can weather this down market.
In today's episode of Where the Money Is, fool.com contributor Tyler Crowe and Motley Fool analyst Taylor Muckerman take a look at the state of the iron and steel market today and then dive deeper into why Walter and Cliff are taking it on the chin more than just about everyone in the market. Find out why both Taylor and Tyler are still optimistic about the future of one of these companies by tuning into the video below.
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The article Down Over 70%, Is Cliffs Natural Resources Inc. Stock Worth Buying Today? originally appeared on Fool.com.Taylor Muckerman has no position in any stocks mentioned. Tyler Crowe owns shares of Cliffs Natural Resources. The Motley Fool recommends Nucor. The Motley Fool owns shares of Cliffs Natural Resources. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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