I've been long CLF for 3 years-made money and lost money. I asked myself why be long CLF? The only reason I could come up with is that China would bail them out by bidding IO up to $150 a ton. On the negative side I listed --1.huge debt, declining profits, no handle on costs for the Canadian mine expansions, reluctance of management to be open to the stockholders, very bad decisions on major financial moves, a very weak board, no cash and small company with large well financed competitors. I'd love to get back in but can't bring myself to investing in this much of a risk situation.