If you are a value investor, today's big plunge in share price for Cliffs Natural Resources (NYSE:CLF) should pique your interest enough to take a deeper look into the company's operations. Now trading below below a 12 times forward price-to-earnings ratio, is this an entry point investors should take advantage of? The company is a leading seller of two critical components in steel manufacturing, and the need for steel doesn't appear to be disappearing any time soon. Yes, this industry is cyclical, but a trough like this is just too hard to ignore. Check out the video for Motley Fool analyst Taylor Muckerman's take on the scenario.
Follow @t_Muckerman Taylor is an Associate GM in our Fool International operations. Prior to that he covered all things Energy + Materials as an analyst. Over the years, he has built an investing skill set to rely on when evaluating companies inside and out. While at the Fool, he has made appearances on CNBC and Fox Business. In addition, he completed his MBA at the University of Maryland and will sit for the Level II CFA Exam.
- Feb 13, 2013 at 3:53PM
- Energy, Materials, and Utilities