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Message: Cliffs has lots of CASH

Cliffs has lots of CASH

posted on Mar 15, 2009 07:07AM

Cliffs Natural Resources Inc. Reports Fourth-Quarter and Full-Year 2008 Results
2/25/2009 5:13 PM - Business Wire

Full-Year Revenues Increase 59% to a Record $3.61 Billion, with Net Income of $516 Million, or $4.76 Per Diluted Share

CLEVELAND, Feb 25, 2009 (BUSINESS WIRE) --

--Cash From Operations Increases 195% to $853 Million, from $289 Million in 2007

--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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