I think I'm fairly comfortable with the diversification of BKN customer base. There will also be some tail winds from a weak AUD and low interest rates.
As an aside, I am more active investing in the oil & gas sector in the US, and I've been very surprised at how few small cap bankruptcies there have been, and in particular, the resilience of the credit market with very few defaults in a time where most expected there to be mass casualties.
I hope there are some parallels to be drawn with the mining sector.
BKN Price at posting:
51.0¢ Sentiment: Buy Disclosure: Held
