It is difficult for investors to buy a stock that has soared five times in less than two years, like mining services specialist Austin, but many analysts remain bullish on the company. Since the 2007 acquisition of Westech in the US, it has become one of the world's largest designers and manufacturers of mining dump-truck bodies.
It expanded further in 2009 with a similar acquisition in Chile. It also operates in the Middle East. With limited competition in many of its areas of operation, it enjoys expanding margins. Some are making comparisons with another mining services company, Monadelphous, whose share price soared more than 20 times in less than 10 years
...........that would be very nice thankyou.
Oscar
ANG Price at posting:
$4.61 Sentiment: LT Buy Disclosure: Held
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