No. of Recommendations: 0
After the negative report on the high cost of doing business to produce its iron ore, versus its competition's costs--in addition to the dividend cut--I decided that the business thesis had changed for me.

I was then down 51% (yesterday), and sold my entire position, as the only option I saw was to ride it down to a possible total loss of capital.

I decided that the business model did not seem positive for recovery of share price, and so I figured I'd be better off deploying the funds into something a bit more tried-and-true, such as KMI, rather than tying up capital for numerous years. Okay if there's a hefty dividend, but CLF took care of that, didn't they?

Good luck with your hold.

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