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Horsehead Holdings Is A Bankruptcy Risk With Its Dysfunctional Plant And Low Zinc Prices

–  Horsehead Holdings (ZINC) has risen 100% over the past two weeks from a spike up in zinc prices, which has created a ripe shorting opportunity.

– If zinc prices don’t rise soon, Horsehead can go bankrupt in two years. Its zinc hedge expires after 2015.

– Horsehead has had perpetual problems getting its biggest plant, Mooresboro, to half capacity. Its latest update

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