Cliffs Natural Resources Inc. Reports Fourth-Quarter and Full-Year 2008 Results
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Full-Year Revenues Increase 59% to a Record $3.61 Billion, with Net Income of $516 Million, or $4.76 Per Diluted Share
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Cash From Operations Increases 195% to $853 Million, from $289 Million in 2007
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Company Begins 2009 with $179 Million in Cash and Cash Equivalents, Approximately $750 Million in Available Liquidity and Strong Outlook for Cash Flow in 2009
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Fourth-Quarter Revenue Reaches $916 Million, Up 17% from 2007
Yes, their Revenues may be small to some like BHP, Vale Inco, Extrata, but $3.61 Billion is nothing to sneeze at, but they have got their foot in the door.
And one other note, we don't see any of the above companys mentioned taking up small positions in any of the companys, as yet.
I quess when resources start to prove up and other large pods of Nickel, Crome and other PM's, we may see more interest take place.
Just my Sundays thought......RL
