Wadhwaney: Resource Stocks on the Radar
Third Avenue International Value's Amit Wadhwaney discusses the core of attraction around its Weyerhaeuser stake.
Mike Breen: Is there anything else you're seeing out there in the market that we haven't spoken about?
Amit Wadhwaney: One area that's really quite interesting and is sort of unfolding for us--I observed in a couple of my letters in the past--that an area that is gradually beginning to get quite interesting, actually almost quite exciting, is the area of resources. Now, primary resources had a wild, wild run. We owned nothing in the area of energy for a while. We were very big on energy in the early 2000s, pretty much out of it, we returned to it in the form of EnCana. Subsequently, in the most recent quarter, we purchased a company, a U.S.-listed company called Leucadia, which has holdings in the form of iron ore, it has holdings in the area of copper mining…
Michael Breen does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.