Q: Can , you give me your take on CIA ,I am down 28% should I buy more, what seems to be the problem is the crazy politics.
Thank you
James Allore.
Thank you
James Allore.
5i Research Answer:
We feel that until China growth recovers and brings iron ore prices up, CIA is likely to remain in its current choppy price action. Its priced well, but margins have come down over the years and its cash from operations have slid recently. Until iron ore prices rise, we feel CIA will continue to trade in this $4 to $8 range.