Old Clothes (Beef Stew): Ropa Vieja

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1 (2 1/2-pound) flank steak, halved lengthwise

2 bay leaves

1 carrot, sliced

2 onions, julienne

1 tablespoon dry oregano

1 red pepper, julienne

1 green pepper, julienne

2 garlic cloves, chopped

2 tablespoons olive oil

1/2 cup sherry

2 cups whole tomatoes, canned

1 teaspoon ground cumin

Salt and pepper

Serving suggestion: white rice