Player Avatar Walpurgisnacht (21.92) Submitted: 10/15/2013 11:00:35 AM : Outperform Start Price: $21.99 CLF Score: -77.25

The market is acting as though this company is dead. Meanwhile, steel and coal are simply exhibiting typical industry cyclicality. However, the irrational frenzy continues . . . CLF is currently the most % shorted stock of the S&P 500 (25% of the float). For a stock trading at 0.6x book value and using minimal leverage. CLF has already taken abundant writedowns ($1.1 billion in 2012), so that's not a risk. There's a lot of volatility with this stock; expect to see a classic short squeeze.

Featured Broker Partners