other sectors

Time for a turnaround
Richard Hemming
March 25, 2011 - 12:43PM

One thing that gets a small cap fundy salivating is a genuine turnaround story.

This is typically a company that has been on the verge of collapse, but has somehow (mainly through debt reduction and cost cutting) managed to transform itself into one with exceptional profit growth.

Small cap punters like these stories because they can produce massive returns - provided they get the timing right.

Two companies your columnist has come up with that fit the turnaround bill are both in the mining services sector. This sector has been one of the outstanding performers, but for varying reasons, WDS Limited (WDS) and Swick Mining Services (SWK) have not...

http://www.businessday.com.au/business/time-for-a-turnaround-20110325-1c9ep.html

And we can only dream... actually you dont get to see much about other sectors these days apart from Materials & Energy... comn media how about being a little broader.

T1