Arrium looks cheap on paper - if you are brave

By Malcolm Maiden
Updated September 29 2014 - 2:08pm, first published September 19 2014 - 1:34am

Thursday was the first time Arrium investors got to trade shares in the iron ore, mining hardware and steel group since Monday's announcement that it would raise $754 million in a deeply discounted share issue, and they vented their spleens. The interesting question is whether they overreacted.

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