Another round of mining service company profit warnings today, another sell off. SKE is different as I outlined above, with almost no debt, almost no equipment (they don't have cranes and drill rigs, etc.). Mind you no one took much notice of MAH's profit upgrade.
IMO continues to be an even better time to buy. PE of 10, yeild 5.8% (GUY 8.3%) and "EPS growth". Have picked up a few more this month.
Another round of mining service company profit warnings today,...
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