> "The stock no longer trades on fundamentals and is rather a merger-arbitrage play"
bulls-eye imajin.
The stock is trading at a 33% discount to an offer, and has stubbornly remained mired in the low 30s even as the iron ore market has spiked back big time in line with the current under-supplied market.
Plus of course there is the minor matter of the Board backing the offer as well.
That says everything that could be possibly said about fundamental value.
> "The stock no longer trades on fundamentals and is rather a...
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