Cleveland-Cliffs Inc. (CLF) has a bullish thesis highlighted on r/wallstreetbets. The stock was trading at $13.36 on January 13th with a trailing P/E of 133.67 and forward P/E of 62.89. The company stands out in the steel industry and could benefit from a potential investment from POSCO.

Recent news of a new board member has caused Cleveland-Cliffs stock to soar 8%. The company is poised for growth due to structural changes and potential strategic investments. Management has already taken steps to improve margins and reduce cash burn, positioning CLF for long term success in steel and iron ore mining.

Options activity post May could confirm improving fundamentals for Cleveland-Cliffs. Even under conservative estimates, the stock has potential to reach $20, with an optimistic scenario pushing it past $30. A favorable macro environment and pro manufacturing policies could further boost the company’s growth trajectory.

Read more at Yahoo Finance: Cleveland-Cliffs Inc. (CLF): A Bull Case Theory