Horsehead is trading below its net liquid assets

Cobalt Capital Management which holds a 6.72% stake, sent a letter urging Horsehead to repurchase more than 30% of its common stock over the next 12 to 18 months. Cobalt also suggested that Horsehead assess the standalone economic merit of smelting secondary material, evaluate a purely integrated business model, and reconsider its resistance to taking on debt.

break out mineral

a play on zinc. recycles EAF dust generated by steel mini-mill operators.

FBR downgraded three metals stocks. Ratings on AA, FCX and ZINC were downgraded from Outperform to Market Perform, Friedman, Billings Ramsey said. Valuation calls, as only 10% upside potential remains.

A new zinc refiner that is new to the market that is strong is HORSEHEAD HOLDING CORP. (ZINC) and it couldn't have picked a worse time for an IPO. The company came public in August and this was the middle of the credit crunch and this caused it to be invisible to Wall Street. It was not a good time to be in the metal or mining sector. Freeport-McMoRan Copper & Gold Inc. (FCX) sold off to a low in the middle of July at $67.07 before closing just under $94 on July 31. The Fed cut changed everything and FCX is up to about $109 now. ZINC may not climb as high but they could see some action as the other metal stock did. ZINC is being kept down because nobody knows about it, but it should not last long. Jim thinks you should be in before the company gets bought out. He called this an orphan stock that will start getting more coverage and that will cause the price to fly.

new management, growing

never has panned out