The absolute best time to buy a stock is when it's beaten down as is IST. This is a long term investment, where the holder of these securities must simply buy and hold.
Do you seriously think that steel is going to be out of favor forever? Isn't it logical that the big, sluggish, unionized American mills can't compete?
IST is the biggest bottom fisher of all, picking up opportunities as they arise, nurturing them, and producing product at prices far below typical American prices. They are in no rush to become well known and "attractive" as an investment. To the contrary, the Board continues to authorize stock buy-backs to the extent that this will eventually be almost a private company.
IST has fabulous cash flow and earnings when all the others are crying about import quotas, dumping and every other excuse imaginable.
So look for the long term. This will be a $35 stock, again, and I for one, am patient and will enjoy the capital gain..