A Big, Cheap Basket of Mining Services Stocks
Mining services company Sedgman picked a good day for an upgrade. The share price shot up 15% today, on confirmation of a result slightly better than expected. The good thing in mining services is that expectations are incredibly low, so you don't have to do much to better them. And the dust is starting to settle. Companies like Sedgman are finding a way to make a profit in an incredibly difficult market that isn't going to get any easier. Our view is that the mining space is providing some of the most attractive opportunities we have seen in a long time. We own 10 of them (not including Sedgman) and you can read more about the ideas in Forager's June quarterly report (VIEW LINK)
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Steve began Forager Funds in 2009, and now manages approximately $350m across two funds. Offering a listed Australian Shares Fund (FOR) and an unlisted International Shares Fund, Steve focuses on long-term investing in undervalued companies.
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