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#1
What are some people's thoughts on these two? They both specialize in the same industry, engaging in the design and manufacture of
mining equipment for the extraction of coal, copper, oil sands, iron
ore, and other minerals in mining centers worldwide.
BUCY specifically does 80% of its business internationally, mainly with India and China. So as these countries continue to seek out other energy alternatives, BUCY should thrive. Currently trading at about 7 to 8x earnings which isn't too bad. Has a pretty clean balance sheet too. Nice backog in revenue.
Only problem I have is that I may have missed the run as BUCY bottomed out at $10 and has recently run up from $20 to $25. Still though might present some nice value here. Other problem though is if / when the DOW and S&P pull back I could get in cheaper so maybe hold off for now?
Thoughts? definitely a play on commodoties and a nice diversification from my US stocks. I am leaning more towards BUCY over JOYG.
BUCY specifically does 80% of its business internationally, mainly with India and China. So as these countries continue to seek out other energy alternatives, BUCY should thrive. Currently trading at about 7 to 8x earnings which isn't too bad. Has a pretty clean balance sheet too. Nice backog in revenue.
Only problem I have is that I may have missed the run as BUCY bottomed out at $10 and has recently run up from $20 to $25. Still though might present some nice value here. Other problem though is if / when the DOW and S&P pull back I could get in cheaper so maybe hold off for now?
Thoughts? definitely a play on commodoties and a nice diversification from my US stocks. I am leaning more towards BUCY over JOYG.
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