BLY 0.00% $2.91 boart longyear group ltd

price, page-5

  1. DSD
    15,757 Posts.
    Mining service sector very out of favour. Montgomery has written yet another piece saying "AVOID". He esp remains pessimistic re companies with high capex, and BLY is one.
    I would look to buy BLY using a fwd FY2013 PE of 5-5.5 tops. Then sell at PE of 6.5-7. Anyone have a figure for FY13 EPS? If you think this is cheap.... then look around. Plenty MS companies with far less debt than BLY currently on sale with PE below 5.0.
 
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Currently unlisted public company.

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