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The Company is a producer of iron ore pellets in North America and sells its pellets to integrated steel companies in the United States and Canada.
There's a heck of a lot of pessimism baked into this stock's current price. It's outrageously cheap on fundamentals. Technically, 7/26 may have been the capitulation we needed to shake the stock out of the remaining weak hands. It may not be THE bottom, but I think it will turn out to be at least A bottom. I am long as of 7/26/12.
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