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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.
Going against Livermore on this one (he once said, to paraphrase, never go bullish on a stock just because it has dropped a lot). Instead I will go with Buffet's cigarette butt hypothesis - there might be a puff or two left in this one.It probably has some fight left in it, regardless of the state of the iron industry. We hit the point of maximum pessimism on March 28 as a analyst downgrades flooded the wire.
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