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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.
For a volitile stock currently priced so low, it has no where to go but up. The 52-week range as well as the hisorical range should provide at least 100% upside. It has been taking a beating from missing projected revenue targets the past few quarters, but it produces the iron to make steel in emerging market powerhouses like Asia.The technicals may not look sound now, but give it a couple years and you'll see the profits from increased infrastructure in the emerging markets. I'd rather invest when there's blood in the water than when everything looks great.
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