Designs, manufactures and markets draglines, electric mining shovels and rotary blasthole drills used for surface mining and provide the aftermarket replacement parts and service for these machines.
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Considering its explosive earnings growth, Bucyrus is absurdly cheap right now at less than 6 times earnings. Seriously, it's trading at less than 1.5 times its book value. I know commodities have crashed, but that doesn't mean every mine in the world is going to close up!Contracts with multi-national mining corporations will keep Bucyrus in business until commodities recover and its customers begin to expand operations again. This is as sure a double as you're likely to catch next year, assuming they aren't taken over first. Can't lose.