In early 2012, Standard & Poors estimated 2012 earnings for Cliffs Natural Resources (CLF) of $12.18. S&P

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In early 2012, Standard & Poor’s estimated 2012 earnings for Cliff’s Natural Resources (CLF) of $12.18. S&P estimated an appropriate P/E for CLF to be 7.8. Multiplying these two numbers together produced a target price for CLF of $95.

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Investments Analysis And Management

ISBN: 9781118975589

13th Edition

Authors: Charles P. Jones, Gerald R. Jensen

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Question Posted: Dec 31, 2023 10:34 AM

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In early 2012, Standard & Poors estimated 2012 earnings for Cliffs Natural Resources (CLF) of $12.18. S&P

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Youre absolutely rightUsing the estimated earnings per share EPS of 1218 and ...View the full answer

Investments Analysis And Management

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