FT.com: Mittal (MT) Considering Bid for Alpha Natural Resources (ANR)

Thanks for a reader for highlighting this to me We so deserve this ;) Somehow we are the only investors in America whose top position lost its value after getting bought out.

I wrote [Jul 16: Thoughts on Cleveland Cliffs (CLF), Alpha Natural Resources (ANR) Deal]

If other bidders emerge, Alpha Natural Resources is a massive strong buy for obvious reasons

Folks, I've written multiple times on how I differ with Ken Heebner on playing the steel trend - I've chosen to play the inputs (metallurgical coal/iron ore) versus the actual steel producers where he is overweight. I think both strategies work, but I think the inputs have some inherent advantages as I've written out multiple reasons, including takeover potential. [Jul 6: Is the Buck Finally Stopping in Steel?]

Ironically, I think I've written at least 5 times that I've been amazed that Cleveland Cliffs (CLF) has...