Any company selling for 15 and change, with a 60 cent dividend, and who is expected to earn 2.50 for 2013 is mispriced. Cliffs fits this bill. So does Rio Tinto. Two of the most mispriced stocks.
They're borrowing to pay their dividend -- do some balance sheet analysis, please. The 2013 estimates will be revised downward -- there's no recovery in site for iron ore prices.
alphacpa7 : Rio Tinto is in much better shape financially. Better balance sheet, lower costs per ton for producing iron ore etc. and it's down just like Cliffs. I think the whole mining industry is being sold off on momentum.