Metso Oyj (ADR) (NASDAQOTH:MXCYY.PK)
Designs, develops and produces systems automation solutions, machinery and equipment for process industries. The Companys main customer industries are pulp and paper, rock and minerals processing as well as energy, oil and gas industries.
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As the suppliers of mining equipment, I expect these guys to reap some of decent gains as the world's big economies begin to turn around.
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They gotta drop 60% just to be equal. i mean come on, obvious choice.
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Current price is approaching book value. Earnings will be better than expected. Econonic downturn will result in decreased earnings and a cut in the dividend but the stock price says there will never be a recovery. Cash flow is positive, debt level is manageable, easily worth 60 per share in the next economic upturn.
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Forrest products will be in high demand one day.
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It's an international company with tenacles reaching into high growth areas of Asia.
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Metso is one of those companies that continue benefiting from construction boom in APAC and China. Also paper machinery business is successful due to good maintenance deals.
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good risk-reward ratio, should outperform
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Metso makes all the mining equipment that joy global doesn't. Grinders, crushers, etc. Great stealth play on the rally for metal. Nice 3.3% dividend to boot.
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World class supplier
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Another dartboard pick using my secret selection method. Let's see what happens.
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