A products maker and global leader in providing integrated drilling services to the minerals industry. Revenue was down significantly in the first half of 2009 due to the global financial crisis impact on last year’s commodity prices. Debt levels were cut after a capital raising. Boart offers an excellent position in drilling services, with more than 30 per cent of revenue derived from gold and copper exploration.
I'm a belevie that their is a rotation from more expensive stocks like the banks etc, and people are starting to buy stocks like BLY, that are trading on low p/e and have yet to follow the market rally so far this year.
Yes their is going to be a pullback =, and lets face it the the markets are up over 50%..
With this being said when things bounce or start to level out, you won't see these price for BLy again so i'm topping up at these levels.
As other posts have indacated there are allot of instos starting to have allot higher price targets..
BLY Price at posting:
$2.70 Sentiment: Hold Disclosure: Held
