IMO - BKN got smashed because they didn't inform the market that they were not in as much trouble as some thought. The debt covenants on their loans make it very easy for them to get into serious trouble should there revenues drop (interest cover)
Director buying 250k is as good as BKN saying everything is good.
Yet another quality stock discounted to ridiculously low level only to see it rise very rapidly.
Mining Services I feel have been hit unfairly and any business with a consumables model is in my opinion a good investment:
IMD
EHL
Anybody know of others?
IMO - BKN got smashed because they didn't inform the market that...
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